Hospital Cash Insurance Guide
What is Hospital Cash Insurance?
It is a hospitalization reimbursement plan wherein case the life assured as a result of Accident or Sickness is necessarily confined as an inpatient within a hospital, for at least twenty-four (24) consecutive hours, under the continuous attendance of a Physician. The company then will upon receipt and due investigation of the claim pay the daily benefit. If the life assured has become eligible for the main benefit as mentioned above and is confined to Intensive Care Unit (ICU) then an additional amount equal to 100% of his daily benefit would be paid to him. The policy coverage starts from PKR 2200/yr and the maximum coverage available can be up to PKR 600,000 depending on the policy bought and terms and condition applied.
What is the benefit of hospital cash insurance?
The hospital cash benefits include hospitalization due to illness or accident; the maximum number of days the hospitalization benefit could be availed is 30 days in a year. A Maximum of 15 days consecutive hospitalization days in a year, you can avail the hospital cash benefit with a gap of 30 days between successive hospitalizations during the coverage period of 1 year.
What is not included in Hospital cash Insurance?
This policy does not provide coverage and no benefits shall be paid for expenses resulting from all or any of the following Exclusions, Any Pre-existing Conditions Pregnancy, childbirth, abortion and any complication thereof. Willful self-inflicted injury while sane or insane or unreasonable failure to seek or follow medical advice, the effect of alcohol or any drug, poison, gas or fumes, voluntarily or involuntarily taken and no claim shall be entertained during the 30 days waiting period.
What is the difference between Hospital cash Insurance and Health Insurance Insurance?
The hospital cash insurance plan is a policy that offers hospitalization cash benefit if you are admitted into the hospital for consecutive 24 hours under physician supervision, you can claim daily hospitalization financial benefit, the cash-benefit of the said policy can vary according to the plan procured and insurer terms and conditions applied. The policy is valid for a period of 12 months (1 year) the plan can be renewed after 12 months depending on the satisfaction of the participant. While the General health policy has all the disease coverage under its ambit includes the claim for all epidemics/pandemics, and all the diseases under the health insurance umbrella include the pre-and-post hospitalization coverages and other hospitalization charges and benefits under the health insurance policy is valid for a year and is subject to renewal based on the satisfaction of the customer.