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Hospital Cash Cover

Sudden hospitalisation can bring in unexpected financial stress. Hospital Cash Cover by Bajaj Finserv helps you stay secure in such sudden situations. An easy application process coupled with high coverage makes this an ideal insurance plan to deal with hospitalisation expenses.

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  • Plan details

    Get coverage up to Rs. 30,000 at a premium of just Rs. 549.
    Eligibility: Individuals aged between 18 and 65 years can opt for this plan.
    Plan validity: One year

  • What's covered?

  • Daily cash benefit

    The policyholder gets a cash allowance of Rs. 1,000 to take care of daily expenses. The daily cash benefit can also be availed of if one is undergoing a daycare treatment procedure.

  • What's not covered?

  • Any illness diagnosed within 30 days of the commencement of the cover (Not applicable for accidental hospitalisation. The minimum hospitalisation period must be 24 hours.

  • Hospitalisation for an existing disability from an accident that occurred before the start date of the policy period

  • Any stay in hospital for an injury due to an accident without undergoing treatment

  • Hospitalisation for accidental injury aggravated by an existing disability or pre-existing illness/condition/injury

  • Vaccination and inoculation of any kind unless forming part of treatment for an injury due to an accident

  • Any treatment outside India

  • Treatment from doctors not registered

  • Aesthetic treatment, cosmetic surgery and plastic surgery, unless needed due to an accident or as a treatment for an injury

  • Any pre-existing diseases

  • To know the complete list of exclusions under the policy, please click here.

How to apply?

  • Fill in the online application form with basic details such as name, date of birth and mobile number.
  • Authenticate your purchase by entering the OTP sent to your registered mobile number.
  • Complete the purchase by paying premium via mobile wallet, credit card/debit card, mobile wallet, or any other preferred mode of payment.

How to raise a claim?

The insured person or his representative must intimate us at least 48 hours before a planned hospitalisation and, in case of an emergency, within 24 hours of hospitalisation. You can lodge a claim by contacting us through one of the following ways:

  • Call our toll-free number 1800 2666
  • SMS "HEALTHCLAIM" to 575758 to receive a call back from ICICI Lombard Health Care.

The customer must provide the information listed below while initiating a claim with ICICI Lombard Health Care. They will receive a ‘Claim Intimation Service Request Number’ as a reference number. This reference number should be mentioned in the claim form while claiming reimbursement.

  1. UHID number
  2. Policy number
  3. Patient name
  4. Name of caller
  5. Caller's contact number
  6. Relationship with the proposer
  7. DOA
  8. Expected length of stay
  9. Reason for admission
  10. Name of the doctor
  11. Hospital name
  12. Complete address of hospital with landmark
  13. City where the hospital is located
  14. State where the hospital is located

Note: All the details mentioned above are mandatory to raise claim intimation service requests.

Documents required* (original copies)

The following documents are required while submitting your reimbursement claim:

  • Duly filled claim form (signed by the insured person and the doctor treating them)
  • Discharge summary (with details of complaints and the treatment availed)
  • Final hospital bill (detailed break-up) along with interim bills
  • Payment receipts
  • Doctor's consultation papers

Contact us

For any queries or concerns related to Hospital Cash Cover, please write to us at

Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. Our partner Insurance Company provides the insurance coverage. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The benefits mentioned above and the premium amount are subject to various factors such as the age of the insured, lifestyle habits, health, etc. (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post-sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products."

Frequently asked questions about Hospital Cash Cover

What is hospital cash coverage?

Hospital cash coverage is part of the features and benefits offered by health insurance companies. It is basically a daily cash allowance provided to the insurance holder while the person is admitted to a hospital. It is beneficial for those who get daily wages and are likely to be affected due to absence at work for reasons like hospitalisation.

The amount is specified while issuing the insurance policy. For instance, an individual will receive Rs. 1,000/day of hospitalisation if the person has chosen a plan with this benefit. This financially supports them to meet their daily medical expenses at the hospital.

The amount obtained from the hospital cash cover can be utilised to meet additional hospital expenses such as surgical accessories, room rent, X-ray charges etc.

What is the difference between hospitalisation coverage and hospital cash cover?

Hospitalisation coverage defines where the insurance provider offers medical coverage to the policyholder. It financially covers medical expenses for surgeries, daycare procedures, etc. With a hospitalisation cover, you can get reimbursement on medical costs or cashless treatment.

On the other hand, hospital cash insurance offers a fixed sum insured for each day hospitalisation of more than 24-hour. It is an amount paid to the policyholder to meet various expenses during the hospitalisation period. This daily cash benefit in health insurance helps you meet inadmissible expenses during hospitalisation.

Why should one choose hospital cash insurance?

Individuals can conveniently pay for the medical expenses not covered under a health insurance plan with a daily hospital cash policy. Under this daily cash policy, individuals are offered a certain amount of cash for each day during the hospitalisation tenor. The amount is specified while opting for the policy. Although, as already mentioned, the health insurance plan does not cover most of the expenses during hospitalisation, the inadmissible expenses, such as surgical accessories, expenses incurred by patient’s family members, X-ray charges, etc., can be met with this daily cash policy.

Under the hospital cash plan, the policyholder receives a cash allowance of Rs. 1,000/day to meet necessary expenses. One can avail of this benefit without providing any supporting bill. The number of days for this benefit will vary across the insurance provider.

What is the benefit of taking a daily hospital cash benefit?

By purchasing an insurance policy with a hospital cash benefit from leading insurance providers like Bajaj Finserv, individuals can conveniently take care of the additional expenses that are not covered under a comprehensive health insurance policy. Although the amount under this facility is specified, the concerned insurer does not ask about the extra amount if the overall expense is lower than the hospital cash benefit offered. Following are some of the benefits of this facility:

  • Individuals can use the amount per their requirements, and the concerned insurance company reimburses the standard amount.
  • Individuals can ask for a No Claim Bonus under this benefit if the amount is negligible and enjoy their main insurance policy benefit.
  • Proposers can also claim tax deductions under Section 80D against health insurance.

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