You must know that the tenure for receiving the hospital cash benefits varies from one insurer to another
A hospicash or hospital cash plan is an insurance plan that provides a fixed sum insured to meet miscellaneous expenses for each day of hospitalization exceeding 24 hours. You can buy such plans as an add-on along with your existing health policy. Abhishek Misra, CEO and principal officer, Bonanza Insurance, explains, “Suppose a person purchases a hospicash cover which offers a cover of ₹2,000 per day in the event of hospitalization. In that case, if hospitalization is for two days, the person will receive an amount of ₹2,000 for the 2nd day of hospitalization as a minimum of 24 hours of hospitalization is necessary for claims. You can use ₹2,000 for miscellaneous expenses like travel of your family members or cost of surgical equipment, etc., that base health insurance plan typically doesn’t cover."