PUNE, India, May 26, 2020 /PRNewswire/ -- While medical emergencies can occur at any time, it is observed that they usually tend to leave a huge dent on one's saving. Opting for Hospital Cash Cover could be a great way to stay financially equipped for any medical emergency. Offered by Bajaj Finance Limited, the lending arm of Bajaj Finserv, this plan offers a daily cash allowance to take care of medical expenses whether one is hospitalised or undergoing a day care treatment. It also takes care of the extra expenses that one may incur during hospitalization that are not usually covered under a comprehensive health insurance policy.
Read on to know more about the features and benefits of this plan:
Sufficient coverage at a nominal premium
Offered under Pocket Insurance & Subscriptions, the Hospital Cash Cover offers coverage up to Rs. 10,000 at affordable premiums starting at just Rs. 499 per annum. For different age groups, the premiums for the Hospital Cash Cover are as follows:
- 18 - 40 years: Rs. 499 per year
- 41 - 50 years: Rs. 549 per year
- 51 - 60 years: Rs. 799 per year
Daily cash allowance
With a daily cash allowance of Rs.1,000, one can easily take care of their day-to-day medical expenses. Customers can avail this benefit if they need to undergo a day care procedure as well.
A complimentary cover to your regular health plan
A Hospital Cash Cover can be used alongside a regular health insurance policy. For instance, if hospital room rent is Rs. 2,000 and one's health insurance plan covers only up to Rs. 1,000 per day, the additional Rs. 1,000 can be used from the Hospital Cash Cover to pay for the hospital room. Another way to use the plan is to foot the bills with the hospital cash allowance alone and preserve the no claim bonus of the regular health policy.
Here are some of the exclusions of this plan:
- Illnesses diagnosed/diagnosable within 30 days of the commencement of the plan.
- Treatment undertaken overseas.
- Treatment taken from persons/hospitals not registered with Bajaj Finserv.
Applying for the Hospital Cash Cover is a hassle-free, online process. All one needs to do is fill in their basic details in the online application form and pay the premium via net banking, UPI, mobile wallet or debit/credit card.
Like the Hospital Cash Cover, Bajaj Finserv offers over 80 affordable plans under its Pocket Insurance & Subscriptions category. With premiums starting at Rs.79, these plans cover the insured against a variety of risks and hazards based on their specific needs.
About Bajaj Finance Limited
Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Durable Loans, Lifestyle Finance, Lifecare Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international 'BBB' with stable outlook for long-term, by S&P Global Rating.
To know more, please visit: https://www.bajajfinserv.in