Hope with Hospicash

It is essential to note that mediclaims do not provide an allowance for every cost incurred at the time of hospitalization. Hospicash takes care of some of these expenses conveniently and hassle-free. It comes also with several enhanced benefits and does not require any medical check-ups for application, unlike other health insurance policies. But first let’s understand what Hospicash is and how can it aid you at the time of crisis.

Whats is Hospicash?

Hospicash provides cash benefits in the case of hospitalization. With this benefit, you get a certain fixed amount of cash for each day of hospitalization.

What Are The Major Benefits of Hospicash?

    • No Paperwork: Hospicash does not require any paperwork and can be applied online, instantly.
    • No Medical Examination Required: Unlike, other health insurance schemes, there isn’t any requirement of a medical check-up before application.
    • Enhanced Accident, ICU & Convalescence benefit: All the benefits against accident, ICU and convalescence are upgraded for this policy.
    • Instant & Hassle-Free Claim Settlement: It’s instant and it’s easy to settle Hospicash claims with the adequate documentation in hand.
    • Daily Hospicash benefits on Hospitalization: Hospicash gives its holders the convenience of a special allowance for daily expenses.

 

How to Make A Claim For Hospicash?

Here are the steps for claiming your Hospicash policy:

 

  1. The claims require documentation based on the requirements of the policyholder as proof. Submit the adequate documents with the filled claim form.
  2. If there are any issues in the documentation the insurance provider will send a deficiency letter to the claiming party, within 7 days of receiving the claim application.
  3. Once all documents have been received the insurance company will send an offer of settlement and an adjoining statement within 30 days of having received the application successfully.

 

FAQs on Hospi Cash

 

 

How long can I avail the Hospi Cash benefits for?

 

 

You can avail daily hospitalization benefits for up to 30 days.

 

 

How much do I have to invest in HospiCash per year for Rs. 45,000?

 

 

For sum assured of Rs. 45,000 and it can be availed with a premium of approximately Rs. 750 per year.

 

 

What is the minimum sum assured that I can avail in Hospi Cash?

 

 

You can apply for a minimum sum assured of Rs. 2,500.

 

 

What is the maximum sum assured amount that I can be insured for, in Hospi Cash?

 

 

You can apply for a maximum sum assured amount of Rs. 1,50,000

 

 

Do I need to get a medical check-up for this insurance?

 

 

No, you do not need any medical check-up to apply for this insurance.

 

Hosipcash is easy to apply for, hassle-free and covers a lot of hospitalization expenses on a daily basis to help you hope and relieve you of the financial stress involved in hospitalization costs.

health-insurance

Hospitalisation Cash Benefit Plan

Hospital daily cash plans act as a supplement to the standard health cover. Let’s understand this plan in detail.
The hospital daily cash plan is a health plan which provides a fixed amount for each day you are hospitalized. The amount paid is set at the time of policy and remains fixed. The program is a defined benefit which means that it pays a fixed amount irrespective of the actual amount of expenses.
So, if you are hospitalized with a plan which pays Rs.800 per day of hospitalization, whether you incur Rs.600 or Rs.1400 as actual charges would be irrelevant, and the insurer would pay a fixed benefit of Rs. 800 for each day of your hospitalization. (more…)

What are Unit Linked Insurance Plans?

ULIP

Unit Linked Health Plans/ Unit Linked Insurance Plans (ULIPS) is a combination of market-linked investments and health insurance cover. Along with health protection, it also helps build a corpus that can be used to meet expenses that are not covered by health policies.
The cost of every health plan depends on age, gender, health, and other factors. It is a mixture of investment and insurance. A premium amount you pay is divided into two parts:

  • where a part of your premium is invested,
  • and remaining is used to buy a cover.

Thus, this plan offers both return and safety. Returns earned are utilized to pay for medical expenses, over and above the insurance limit. Remember, the investment and returns you receive are subjected to market risk. The returns earned will be paid back to you on the date of maturity/ on the completion of policy duration.

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Maternity-insurance

What is Maternity Insurance?

Bringing a new life into the world is a big responsibility, be it a normal delivery or cesarean. The Maternity Health Insurance covers all pregnancy-related expenses from post-delivery care to vaccinations.
Some insurance service providers prefer to provide maternity benefit as an additional service and lowers the burden on your pocket. Some corporates offer their women employees the benefit of maternity insurance along with a health insurance policy. Also, in a majority of corporate group policies, maternity is a rider (add-on benefit) with a sub-limit of not exceeding Rs 50,000.

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Group health insurance

What is Group Health Insurance Plan?

The employer purchases a group or corporate insurance on behalf of employees. This is one of the key benefits received by employees from employers. At times, Group insurance health plans cover the family members of the employees.
Besides offering access to affordable health coverage services, it also benefits the employers for retaining the employees and gets tax benefits.

Key features of the plan:

  • Offers a cashless facility and direct settlement of the bills with the hospital.
  • Covers pre and post hospitalization expenses for a specific period.
  • Extends cover to critical ailments.
  • The policy also covers domiciliary expenses (Domiciliary Hospitalization – medical treatment for a period exceeding three days for illness/disease/injury which in the normal course would require care and treatment at a Hospital)
  • It provides cover for pre-existing diseases after payment of extra premium.
  • This plan may offer maternity benefits.
  • Daycare procedures covered.
  • Few insurance companies cover Non-Allopathic Treatments for a specified limit.

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senior citizen coverage

What is Senior Citizen Coverage?

Getting old makes you see life from a different perspective. Health is the first companion that starts deserting along with it your hard-earned savings. A Senior Citizen Health Insurance assists such times. There are various health insurance plans, specially designed for senior citizens.
Health insurance for senior citizens is offered by different insurance companies to provide you financial security by covering all your medical expenses. Gifting health insurance to your aged parents is the best way to care for their needs.

Why buy health insurance for senior citizens?

  • They are more prone to illness
  • You buy a plan to ensure that medical emergencies are taken care of in a systematic and hassle-free way.
  • Unexpected health issues and money crisis makes aged people feel guilty, and they think they are like a burden to a family.

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What is Family Floater Coverage?

Family floater

A family floater is a health insurance plan that stretches out the insurance for the whole family rather than just a person. A family floater plan brings everyone in the family under an umbrella. Being secured under a single cover, each member of the family gets benefits under a bigger pool.

Which cover to buy? Individual or Family cover

Every insurance company offers these two covers in its health insurance products, and there are pros and cons in both of these covers. Let us compare the benefits and drawbacks of these covers so that you can take a better and wise decision regarding your purchase of a health insurance policy.

There are two types of family floater policies:

  1. Medical Insurance: This plan reimburses the cost of hospitalization (cashless treatment); it also provides a list of specific illnesses which are covered.
  2. Critical Illness: In case of diagnosis of a critical illness, this type of family floater policy pays out a lump sum amount to the policyholder.

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insurance

Individual Health Insurance

In India, the cost of treatment is growing in double digits, and more than 80% of the population do not have access to health insurance. Out of pocket health expenditure is higher in India. The burden of the high cost of health is pitched towards the poor.
There are plenty of reasons why health insurance is not just a good idea but also necessary. Many people face a financial crisis when they have to fund for medical treatment and medical costs. So people dive into their savings and drain it. In such situations, a health insurance plan could be a real “life-saver” because it covers your hospitalization expenses.

Let’s talk on Individual Health Insurance:

Costly treatments and unseen medical emergencies made individuals to understand the need of having health insurance. Individual health insurance covers both pre and post hospitalization expenses, including ambulance charges and diagnostic test charges.
Daily cash plans are also covered under individual health insurance but are subjected to specific terms and conditions. Even pre-existing diseases except for injuries due to accidents are treated only after the completion of a defined waiting period.

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critical-illness-insurance

What is Critical Illness Plan?

Critical illnesses are diseases and conditions that include but are not limited to cancer, stroke, organ transplants, and kidney diseases, among other health conditions. Critical illnesses are expensive and disruptive.

Begin diagnosed for critical illness means completely wiping away the lifetime savings. So, then your worries regarding the financial security and dependents start haunting you. The only way to get out of this dilemma is a“Buy Critical Insurance Plan.”

Do not let unseen happenings to shatter dreams of you and your family, instead start planning for such incidents. Critical Illness Insurance Plans provides coverage against specific threatening diseases. Treating these illnesses, you may require multiple visits to the hospital over a period of time. Thus, in addition to the hospitalization cost, there will be other costs like doctor visits, medical expenses, etc.

A Critical Illness plan pays a lump sum amount that can be used to cover these high expenses. The lump-sum payout will be an addition to mediclaim or health insurance policy that you may already have.

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accident plan

Personal Accident Plan

Personal Accident Insurance plan provides complete financial protection to the policyholders against unseen instances such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident.
In the case of accidental death of the policyholder, the nominee gets 100% compensation from the insurance company. There are additional compensations that are offered for accidental disability, such as loss of eyes, limbs, and speech.
Accidents can happen anytime, anywhere, and may result in minor to severe injuries or lead to death. Such uncertainty may lead to a financial crisis. Accidental Insurance policies act as a guard and protect from such uncertainties. It provides the necessary financial assistance to you and your family against accidental death, bodily injuries, and disabilities (Partial/ Permanent/Temporary). There are various other benefits such as accidental hospitalization cover, Hospital Confinement Allowance, and Medical Expense Cover.

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