What does it do?
It provides a cash benefit ranging from Rs 1,000 to 4,000 per day for every 24 hours completed in a hospital. This policy can be taken along with any health insurance policy as a complementary plan and used to pay for related expenses such as boarding, food and travel of family members or any other expense that is not covered under a basic health insurance policy. The claim will not be admissible until the insured has been hospitalised for at least two days.
However, the daily cash benefit will be paid from day one of hospitalisation, if the claim is accepted.
Pros
This policy can be bought online.
It provides a premium discount on selecting a 2-year policy term.
Premium paid under this policy enjoys a tax benefit under Section 80D.
