What does it do?
This is a supplementary policy which pays a cash benefit ranging from Rs 500 to Rs 2,500 upon each continuous and completed stay of 24 hours in a hospital. Daily cash benefit can be availed for a maximum of 30 or 60 days per policy year as opted for at the time of buying the policy. The daily cash benefit doubles if treatment was taken in ICU. This cash amount can be utilized to pay for non-medical expenses such as attendant's food, travel and stay which may remain uncovered even if you have a basic health insurance cover. However, it is solely left at the discretion of insured member as to how to make use of this daily cash benefit.
Pros
Family discount of 5 per cent is available.
Premium paid towards this policy is eligible for tax benefit under section 80D of Income Tax Act.
