Cholamandalam MS General Insurance Company has launched Chola Hospital Cash Healthline Insurance Policy, which offers daily cash benefit during hospitalisation.
The policy pays a daily cash benefit to the insured for up to 20 days of hospitalisation. Double daily benefits will be paid based on the number of days of hospitalisation in an intensive care unit. In case of hospitalisation for over 20 days, a lump-sum convalescence benefit will also be paid to the insured. There are three plans under this product.
The company says Hospital Cash Healthline is an “ideal cover for all the incidental expenses not covered in any indemnity health insurance policy.†Normally, these expenses account for 15-20 per cent of the total hospitalisation cost and have to be borne by the insured.
“This policy works best for people already having a health insurance with any insurer and provides total coverage against hospitalisation expenses.â€
Mr S.S. Gopalarathnam, Managing Director, Chola MS, said, “Hospital Cash Healthline is an ideal insurance to cover out-of-pocket expenses involved during any hospitalisation, at a premium of about Rs 1,000 for an adult for one year.â€
