You will receive a set amount from the daily network hospital cash benefit each day you are hospitalised. When you purchase the policy, the payment amount will stay fixed. You can add this benefit coverage as a rider to your standard health insurance policy or purchase it separately.
What Expenses Are Included In The Daily Hospital Cash Benefit?
Even though your health insurance policy covers most of your network hospital expenses, some do not. These costs are known as inadmissible expenses, including those for accompanying family members, X-ray fees, and surgical supplies. Additionally, the daily network hospital cash benefit will begin without requesting any supporting documents. Only a legitimate hospitalisation lasting at least 24 to 48 hours proves this benefit. However, this benefit is only accepted if the hospitalisation is eligible. *
In the event of hospitalisation, a daily network hospital cash benefit provides a lump sum that the insured may use as they see fit. The funds may be used to cover extra costs that health insurance does not obscure or to compensate for lost wages incurred while the patient is in the network hospital. Claims are subject to terms and conditions set forth under health insurance policy. *
What Occurs When A Patient Is In The ICU?
Health insurers typically double the daily cash benefit amount if the insured is admitted to an ICU because the costs are significantly higher there. For instance, if the daily network hospital cash under your policy is Rs. 1000 in a standard room, it will be Rs. 2000 if admitted to an ICU.
What Is The Duration Of A Daily Network Hospital Cash Benefit?
A daily network hospital cash benefit typically lasts between 30 and 45 days. You are, therefore, qualified to receive daily network hospital cash for 30 days if you are hospitalised for one medical condition. However, this varies from insurer to insurer and must be selected when the policy is purchased. *
What Amount Is Available As Part Of The Daily Network Hospital Cash Benefit?
On average, the range is between 100 and 5,000 rupees, with some insurance companies offering cash allowance of up to 10,000 rupees. Additionally, some insurers who include this benefit in the health insurance plan link a percentage of it to the Sum Insured. Daily network hospital cash benefits are provided at a rate of X% of the Sum Insured. However, this varies from insurer to insurer and must be selected when the policy is purchased. Claims are subject to terms and conditions set forth under health insurance policy.
What Advantages Do Daily Network Hospital Cash Benefit Recipients Receive?
The daily network hospital cash benefit can help cover extra costs you incur while in the network hospital and expenses not covered by your comprehensive Bajaj Allianz health insurance plan.
Additionally, because the amount is set, the health insurer won’t request the additional money even if the actual cost is less than the daily network hospital cash. It is a support system you can rely on when things get tough.
Therefore, the daily network hospital cash benefit comes in handy when money is tight and those extra expenses are a burden.
Subscribe to Bajaj Allianz General Insurance Youtube Channel here!
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
