A Hospital Daily Cash policy is a health insurance plan that provides a fixed amount per day to the policyholder for each continuous, completed 24-hour period of hospitalisation. The Hospital Daily Cash benefit may be included in the policy or available as an optional add-on. It depends on the specific policy features.

It provides additional financial support in the form of a fixed daily cash benefit for each day a policyholder spends in a hospital. It helps in managing small but important daily costs. You can use it for meals, travel, or other out-of-pocket expenses that are often excluded from regular medical coverage.

However, this benefit is available only in specific scenarios. TATA AIG offers a daily cash allowance in health insurance to policyholders or families for opting for shared accommodation and for accompanying an insured child.

• Policy Purchase - Depending on your preference, you can choose a health insurance policy that includes the Hospital Daily Cash benefit or include it as an optional add-on.
• Admissible Hospitalisation Claim -When a hospitalisation claim is admissible as per the policy conditions, the daily cash benefit becomes applicable.
• Claim Settlement - After verification and approval, the fixed daily amount is paid for each eligible day of hospitalisation.

The daily cash benefit is fixed and does not depend on the actual hospital expenses incurred. The maximum amount payable will depend on the specific policy terms and conditions.

Read More: Family Health Insurance

The daily cash allowance in health insurance under TATA AIG health plans offers flexible financial support depending on your room preference and policy type.

Under TATA AIG MediCare Select, you can benefit from the following daily cash allowance:

• You can receive ₹1,200 per day for choosing twin-sharing accommodation (over and above the base sum insured).
• If you opt for multi-sharing accommodation, the payout increases to ₹1,500 per day (over and above the base sum insured).

Under TATA AIG MediCare and TATA AIG MediCare Premier, you can benefit from the following daily cash allowance:

• For choosing shared accommodation in a network hospital, the allowance is calculated as 0.25% of your base sum insured, up to a maximum of ₹2,000 per day.
• The same daily limit of 0.25% of your base sum insured, up to a maximum of ₹2,000 per day, may also apply when an adult accompanies an insured child aged 12 years or below.

These payouts are made over and above the base sum insured in the medical insurance, ensuring additional financial comfort.

• Compensation for Non-Medical Expenses - The daily cash allowance helps you manage non-medical costs such as meals, travel and other daily essentials during hospitalisation.
• Coverage above the Sum Insured - The payout is made over and above your base sum insured, keeping your main coverage intact.
• Preserves Your NCB - The Hospital Daily Cash benefit does not affect your No Claim Bonus (NCB). However, the Hospital Daily Cash benefit is payable only when the main claim is admissible under your policy.
• Acts as Extra Financial Support - It provides an additional payout beyond your regular medical insurance coverage, easing your financial burden during treatment.
• Provides Daily Financial Support: The daily cash allowance in health insurance offers steady help during hospitalisation. You receive a set amount for every full day spent in the hospital. This simple support makes it easier to manage small daily costs and stay focused on getting better.
• Protects Your Savings: Unexpected hospital expenses can build up quickly. This benefit ensures you do not have to touch your savings for minor daily needs that your main policy might not cover.
• Ensures Flexibility of Use - The amount received can be used freely for any incidental or unexpected hospital-related expense.
• Coverage for Insured Child - TATA AIG also provides daily cash for an adult accompanying an insured child (aged 12 years or below) during hospitalisation.
• Reduces Stress During Recovery - With daily financial support available, you can focus on healing without worrying about incidental expenses.
• Simple and Hassle-Free Process - Claiming the benefit is easy and quick, ensuring timely help when you need it the most.

• Myth 1: Hospital daily cash replaces the need for health insurance.

The Hospital Daily Cash allowance is an additional benefit that helps manage non-medical expenses, such as meals and travel during hospitalisation. It does not cover medical treatment costs.

• Myth 2: Hospital daily cash benefit increases with hospital expenses.

The Hospital Daily Cash allowance is a fixed amount and does not vary based on the hospital expenses incurred.

• Myth 3: Hospital daily cash benefits can be claimed without hospitalisation.

The benefit applies only to admissible hospitalisation claims for each continuous and completed 24-hour stay in the hospital.

• Myth 4: Hospital daily cash allowance applies only to critical illnesses.

The daily cash allowance is applicable irrespective of the type of illness or treatment, provided it comes under an admissible hospitalisation claim.

During a policy period, you are eligible to receive a fixed daily cash payout for every completed 24-hour hospital stay under admissible claims. However, the number of admissible days for hospital cash varies as per the health plan you have chosen.

Once the policy expires, you need to renew it annually to keep the coverage active and continue receiving Hospital Daily Cash benefits. Timely renewal also helps you maintain your accumulated advantages, such as the No Claim Bonus (NCB), ensuring there is no break in coverage.

Renewing your plan each year guarantees consistent financial support for hospital-related expenses and keeps you protected when unexpected medical situations arise.

Please note: Read the policy wording carefully to understand the specific tenure of the Hospital Daily Cash benefit, that is, the number of days you can receive daily cash during a single hospitalisation or across the policy year.

Like any health insurance feature, a daily hospital cash policy also has specific terms and conditions. Here are some key exclusions to note:

• Waiting Period Applies - The daily hospital cash cover becomes active only after a defined waiting period. If hospitalisation occurs before the completion of this period, no daily cash allowance is payable.
• Minimum 24-Hour Hospitalisation Required - The insured person must be admitted to the hospital for at least 24 hours (continuous) to be eligible for the payout.
• Daycare Procedures Not Covered - Treatments or procedures completed within 24 hours are not covered under the scope of these health plans, as they do not qualify as hospitalisation.
• Non-admissible Hospitalisation Claims and Treatments Not Covered - The daily cash allowance is not payable for medical treatments that are excluded as per the specific policy conditions. You can refer to the policy document for complete and detailed exclusions.

• Working Professionals - Individuals with fixed monthly incomes should consider the Hospital Daily Cash plan. It will help them manage non-medical hospital expenses without disrupting their financial routine.
• Families with Children or Elderly Members - This policy is ideal for families that may face frequent hospital visits or require an attendant during hospitalisation.
• Self-Employed Individuals - Since they do not receive paid medical leave, a Hospital Daily Cash insurance policy helps them cover daily living and incidental costs.
• Senior Citizens - Older adults, who often face longer hospital stays, can benefit from regular daily payouts to handle additional care expenses.
• People Seeking Extra Protection - Anyone looking for added financial security beyond standard health insurance coverage should consider a health plan with daily hospital cash.

• Compare Multiple Plans - Review and compare different health insurance plans with a daily cash benefit to find the best Hospital Daily Cash policy for your needs.
• Check Daily Cash Limit - Look for policies that offer flexible payout options and higher daily limits for shared or multi-sharing rooms.
• Check Number of Coverage Days - Understand how many days the daily cash allowance can be claimed during a single hospitalisation or policy year.
• Confirm Additional Coverage - Choose a plan where the daily cash benefit is paid over and above the base sum insured for added protection.
• Review Exclusions and Conditions - Go through waiting periods, minimum hospitalisation requirements, and exclusions to avoid claim rejections later.
• Buy Conveniently Online - You can easily buy a Hospital Daily Cash policy online, compare plans, and choose one that fits your budget and health needs.

Claiming a Hospital Daily Cash policy is simple and can be done in a few easy steps:

• Inform the Insurer - Notify TATA AIG about the hospitalisation as soon as possible. You can contact us through any convenient mode of communication.
• Submit Documents - Provide necessary papers such as the claim form, admission proof, and medical bills.
• Verification Process - TATA AIG reviews the documents to confirm eligibility under the daily cash benefit.
• Claim Approval and Payout - Once verified, the approved daily cash amount is paid directly to the policyholder.

A Hospital Daily Cash policy plays a vital role in strengthening your financial protection during hospitalisation. It covers incidental expenses, ensuring that small, everyday costs never interrupt your treatment or convenience. By offering an additional daily payout, this benefit enhances the value of your existing medical insurance and helps you to focus on recovery instead of expenses.

At TATA AIG, we understand that every health situation is different. That is why our medical insurance plans combine multiple benefits to meet the needs of policyholders. Each health plan is designed to offer flexibility, affordability, and unmatched support through a wide network of hospitals across India.

You may get comprehensive hospitalisation cover to specialised protection through critical illness health insurance, ensuring financial stability even for serious medical conditions.

Choose TATA AIG today and secure your health, finances and future with a trusted name in medical insurance.