When a person is hospitalized it is a very traumatic experience for the victim as well as his family. Apart from the medical bills there are a number of other expenses that need to be taken care of. There are travel expenses, food expenses, wheelchair or crutches costs, and many others. Bajaj Allianz General Insurance is aware of this problem and so has devised the Hospital Cash policy to combat it.
Under the Hospital Cash policy offered by Bajaj Allianz General Insurance the client is given a significant sum of money for each day of the hospitalization. This sum will depend on the circumstances of hospitalization. This policy can be paired with any health insurance policy that the client may be using. The amount is increased in case of admission of the insured into the ICU as long as it does not exceed a week.
For the claim settlement of this policy the discharge card from the hospital, reports of tests, a copy of the bills and one of the prescription ir required to be handed over to the claim officer. These claims are exempt of income tax.
The Hospital Cash policy of Bajaj Allianz General Insurance is a comprehensive and beneficial one as it offers a large premium and even a 5% discount if the policy is purchased for the family. The policy also protects the spouse and children of the client.
There are different coverages available depending on the gravity of the illness and other relating circumstances.