Prices Increasing soon Prices Increasing Soon

Hospital Cash Benefit Rider

Hospicare Rider, also known as the Hospital Cash Benefit Rider is an optional add-on cover that can be added to the plan to increase the coverage of the base plan. This rider provides a fixed amount of benefit when the policyholder is admitted to the hospital for treatment. In this, a fixed amount shall be provided to the policyholder for each day he/she is hospitalized. Hospital cash riders also offer ICU benefits and a lump sum amount in case the policyholder requires a need of surgery. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount# for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from /month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Note: Know more about what is term insurance first before reading this article.

What is Hospicare Rider?

Hospital cash benefit is one of common and known term insurance riders. It is an add-on to your base term insurance plan that provides an additional benefit to the life assured/policyholder in the form of daily allowance spent each day as hospital expenses. In the case of many insurers, a percentage of the policy amount is provided to the policyholder, as benefit amount, upon admission in the hospital and double the benefit amount if he/she is admitted to the ICU. In addition, this term insurance rider also provides a lump sum payout on undergoing surgery on a single plan. This rider can be availed at an affordable rate.

For example – Rajesh, a 36 year old male, got admitted to the hospital due to a surgery. Therefore, according to the hospicare rider benefit, he was paid a portion of his total sum assured for each day he was hospitalized, as the hospicare benefit amount. When he was admitted to the ICU after the surgery, he was paid double the benefit amount. This eventually helped Rajesh pay off his hospital bills and therefore, he was not burdened by the extra expense of treatment.

*Note - The Hospicare Rider can vary from insurer to insurer. Therefore, you should carefully review the terms, conditions, and limitations of the rider before purchasing it, to ensure it aligns with your needs and expectations.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Term Insurance Plans Offering Hospicare Rider

Name of the Insurer Life Insurance Plan for 30 years old Claim Settled Amount (cr) Entry Age Maximum Maturity Age
Aditya Birla Sun Life Insurance Company Limited ABSLI Income Suraksha Plan 458 21-55 years 70 years
Aviva Life Insurance Company India Limited Aviva Signature 3D Term Plan 98 18-65 years 80 years
Bandhan Life Insurance Limited Bandhan Life iTerm Prime 86 18-65 years 70 years
Bajaj Allianz Life Insurance Company Limited Bajaj Allianz eTouch 603 18-55 years 99 years
Bharti Axa Life Insurance Company Limited Flexi Term Pro 148 18-65 years 99 years
Canara HSBC Life Insurance Company Limited Canara Young Term Plan 186 18-45 years 99 years
Edelweiss Life Insurance Company Limited Edelweiss Life Zindagi Plus 59 18-65 years 80 years
Future Generali India Life Insurance Company Limited Future Generali India Term Insurance Plan 33 18-60 years 65 years
HDFC Life Insurance Company Limited HDFC Click 2 Protect Super 1,389 18-65 years 85 years
ICICI Prudential Life Insurance Company Limited ICICI iProtect Smart 1,950 18-65 years 99 years
IndiaFirst Life Insurance Company Limited IndiaFirst Life Elite Term Plan 160 18-60 years 99 years
Kotak Mahindra Life Insurance Company Limited Kotak e Term 321 18-65 years 85 years
Life Insurance Corporation of India LIC New Tech Term Plan 18,398 18-65 years 80 years
Max Life Insurance Company Limited Max Life Smart Total Elite Protection 1,242 18-65 years 85 years
PNB MetLife India Insurance Company Limited PNB MetLife Mera Term Plan Plus 407 18-50 years 80 years
Pramerica Life Insurance Company Limited Pramerica Life Rock Solid Plan 30 18-65 years 85 years
SBI Life Insurance Company Limited SBI eShield Next Plan 1,676 18-65 years 100 years
Shriram Life Insurance Company Limited Shriram Life Smart Protection Plan 109 18-65 years 75 years
Star Union DAI-ICHI Life Insurance Company Limited SUD Life Protect Shield Plus 113 18-60 years 80 years
Tata AIA Life Insurance Company Limited Tata AIA Sampoorna Raksha Promise 776 18-65 years 100 years

*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

*Note: The table is made in reference to a 29 year old non-smoking male, with salaried income of 15-25 Lakhs per annum, choosing Rs. 1 Crore life cover for 30 years policy term.

Eligibility Criteria to Buy a Hospital Cash Benefit Rider

Parameters Minimum Maximum
Entry Age 18 years 65 years
Maturity Age - 85 years
Sum Assured Same as the sum assured of base plan No Limit
Premium payment term Same as the policy term of base plan
Premium payment mode Same as premium payment mode of the base plan

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What Is The Importance Of The Hospicare Rider In Term Insurance?

Below mentioned are the benefits of the Hospicare Rider in Term Insurance:

  • Daily Cash Benefit: If the policyholder is hospitalized for a specified number of days, the Hospicare rider provides a certain amount of cash as a daily benefit. The amount is doubled when the policyholder gets admitted to the ICU.

  • Cash Usage: The benefit amount received from the rider can be used to cover various expenses during hospitalization, such as additional medical costs, transportation, accommodation for family members, or any other expenses that arise.

  • Relief Burden Off Family: The Hospicare Rider helps your loved ones in not stressing upon paying huge amounts of money for your treatment. The rider helps compensate for the hospital charges and pays a chunk of the hospital bill and relieves your family off the extra burden.

  • Lump sum amount: This rider provides a lump sum payout in case of ICU or surgical hospitalization. This benefit would only be paid if the tenure of hospitalization in ICU or because of a medical emergency is at least for about 2 days (48 hrs).

  • No need of buying a new plan: The hospital cash benefit rider will nullify the need of purchasing a new plan to bear the expenses associated with hospitalization because of an emergency situation. Also, you will be relieved from the difficulty of managing 2 insurance plans and paying a higher amount of premium as compared to hospicare rider.

  • Tax Benefits: You will enjoy tax benefits under Section 80D of the Income Tax Act, 1961.

Documents Required for Hospicare Rider

Here is a list of documents required at the time of reporting a claim for Hospicare Rider:

  • Original policy documents

  • Duly filled claim form

  • Policyholder’s Photo ID proof

  • Policyholder’s Address proof

  • Certificate of Medical Practitioner

  • Medical reports mentioning the policyholder’s diagnosed illness

  • Photo ID proof of Nominee

  • Address proof of Nominee

  • Copy of bank statement and canceled cheque

Things You Must Know Before You Buy/Avail The Hospicare Rider

Below mentioned are a few things to consider when you buy or avail the Hospicare Rider with your term insurance plan:

  • Provide the original hospital payment receipts along with other necessary documents required to claim/avail the Hospicare Rider.

  • Consider your future goals and health conditions before you choose the Hospicare rider.

  • The rider gets expired when your term plan expires/concludes.

  • Carefully review the terms, conditions, and limitations of the Hospicare rider before purchasing it, to ensure it aligns with your needs and expectations.

Wrapping It Up!

The Hospital Cash Benefit Rider can provide valuable advantages and added financial security to individuals who have a term insurance policy. It also allows you to live peacefully knowing that your family doesn’t have to pay a huge amount of money when you are admitted to the hospital.

Note: Check out the term insurance plan in India and choose one that suits your requirements.

FAQs

  • What exactly is Hospicare in the context of term insurance?

    Ans: If you are hospitalized due to a medical emergency, the hospitalization benefit will pay a per-day hospitalization benefit of 0.5% of the sum insured amount. In addition, if you are admitted to ICU, you will be charged an extra 0.5 percent of the sum assured.
  • What are the advantages of having a Hospicare rider?

    Ans: A hospitalization rider covers incidental expenditures for each day of hospitalization that exceeds 24 hours. You can purchase such policies as an add-on to your existing health insurance coverage.
  • Is Hospicare rider beneficial?

    Ans: Yes, the hospicare rider is very beneficial, considering it helps you by paying a chunk or all of the hospital bills (depending upon the amount of the bill).
  • How to calculate the term insurance premium online?

    Ans: You can easily calculate the term insurance premium online by using the term insurance calculator online tool

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in



Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term insurance Articles

  • Recent Article
  • Popular Articles
06 Dec 2024

HDFC Life Insurance Income Replacement in Tamil...

The divide between rural and urban lifestyles in Tamil Nadu is

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Sikkim

Sikkim, a state rapidly advancing through industrialisation and

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in...

With 62% of Rajasthan's population dependent on agriculture, the

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Punjab

Once reaching economic heights following the Green Revolution,

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Odisha

With agriculture as a primary income source, Odisha's growing

Read more

Term Insurance Calculator Online : Get Instant...

Term Insurance Calculator [[ Term Insurance Calculator - Calculate your term insurance premium for free Term

Read more

LIC Jeevan Saral Maturity Calculator

LIC Jeevan Saral Maturity calculator is an online tool that helps potential customers calculate the premiums and

Read more

LIC Surrender Value After 10 Years Calculator

The surrender value of a LIC insurance policy is the amount that the policyholder will receive if they decide to

Read more

Best Term Insurance Plan for 1 Crore : Buy Best...

A ₹1 crore term insurance plan ensures financial security for your family by providing a ₹1 crore payout as a

Read more

Claim Settlement Ratio of Term Insurance Plan...

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL