Choose hospital cash benefit plan, cut your out-of-pocket spend

This is a supplement to and not a substitute for the regular hospitalisation cover

ICICI Lombard General Insurance has partnered with Flipkart to offer customers Hospicash insurance, a fixed-benefit plan, generically known as a hospital cash plan.

Sanjeev Mantri, executive director, ICICI Lombard, says, “It is an affordable offering that can help customers meet their daily incidental expenses during hospitalisation.” 

A number of such plans are available, either as tie-ups with banks, via apps, or even as standalone policies. ICICI Lombard and PhonePe had launched the Hospital Daily Cash Benefit Policy last year, and many general and health insurers offer standalone policies.   

How does it work?

These policies pay a fixed amount for