Health Insurance Glossary

Daily Hospital Cash

Daily Hospital Cash is a type of health insurance policy that provides a fixed amount of cash benefit to the policyholder for each day of hospitalization. The policy is designed to provide financial assistance to the insured person to cover the daily expenses incurred during the hospitalization period.

The policy offers a daily cash benefit for hospitalization due to illness or injury, and the amount of the benefit is pre-determined at the time of policy purchase. The cash benefit can be used to cover expenses such as room rent, nursing fees, doctor fees, medicines, and other related expenses.

The policy is usually available as an add-on or rider to a comprehensive health insurance policy. The policy can be purchased for individuals or families, and the coverage can range from a few days to several weeks, depending on the policy terms and conditions.

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