Flipkart has joined fingers with ICICI Lombard to supply Hospicash insurance coverage to shoppers. In comparison with the usual indemnity medical insurance insurance policies, Hospicash permits shoppers to avail a hard and fast quantity for every day of hospitalisation. The insurance coverage covers each unintended hospitalisations or deliberate surgical procedures and coverings. The fastened each day quantity permits shoppers to pay for incidental medical or emergency bills.
“Our Hospicash insurance coverage is an reasonably priced and handy providing that may assist shoppers meet their each day incidental bills throughout hospitalisation,” stated Sanjeev Mantri, govt director, ICICI Lombard.
Particulars of Hospicash insurance coverage
The Hospital Each day money profit, a sachet-based group insurance coverage product that can supply a hard and fast quantity for every day that you’re hospitalised. The money advantages will probably be ranged from ₹500 to ₹2,000 per day. The quantity that will probably be paid each day, is dependent upon the protection selected by the client on the time of buying the coverage.
The coverage will probably be issued for a interval of 1 yr. The premium begins from as little as ₹278 and might go as much as ₹1,089, relying on the coverage protection. The money advantages will probably be offered as much as a most of 90 days in a coverage yr topic to 10 days per hospitalisation, the corporate stated. The client must be hospitalised for no less than 24 hours to say the advantages.
The minimal and most entry age is eighteen and 60 years, respectively. It have to be famous that there’s an ready interval of 30 days to avail the money advantages. That is relevant for hospitalization at any authorities or personal hospital throughout the nation. Over 6,500 hospitals will probably be coated underneath the coverage.
“The Hospicash insurance coverage coverage additionally gives shoppers an additional allowance to not simply cowl emergency medical bills’ but in addition journey and post-discharge prices and compensation for lack of revenue throughout hospitalisation,” the insurer stated in an announcement.
“As shoppers more and more perceive the significance of medical insurance, we need to make sure that Flipkart is their one cease resolution to supply them companies for a holistic well being safety plan. With Hospicash insurance coverage, shoppers can now safeguard themselves in opposition to overhead fees which might typically lead to pointless draining of financial savings,” stated Ranjith Boyanapalli, head – fintech and funds group, Flipkart.