Bajaj Allianz Health Insurance Hospital Cash Daily Allowance Policy: Overview 2025

The Bajaj Allianz Health Insurance Hospital Cash Daily Allowance Policy is a special health cover that provides financial assistance on a daily basis when one is hospitalised. Such a plan provides a lot of peace of mind in India where additional medical expenses tend to come up during treatment and recovery. As medical inflation increases in 2025, basic health insurance is not always sufficient to cover all the costs such as room rent, food, transportation, or companion costs. This daily allowance policy comes in to cover those non medical expenses that are not normally covered by a normal mediclaim.

Bajaj Allianz, the leader in Indian health insurance industry, has developed this policy, taking into consideration the difference between the hospitalisation bills and out-of-pocket expenses. The Hospital Cash Daily Allowance benefit is a benefit that pays you a pre-determined amount of money per day of hospital stay that is admissible. It is particularly useful to salaried workers, self-employed individuals and families who have dependents and need a financial safety net.

What is the Hospital Cash Daily Allowance Policy?

Hospital Cash Daily Allowance Policy is a kind of fixed benefit insurance product. It is an amount of cash paid on each day of valid hospitalisation, irrespective of the hospital bill. The cash payout is in addition to any claim that you may make under your health/ mediclaim policy.

As an example, say your policy has a daily allowance of 2000 rupees and you are hospitalised 8 days because of an accident, you will receive 16000 rupees in total- regardless of what the hospital charges. This is flexible since you may spend the money on food, nurse bills, travelling, loss of earnings, or employing an attendant.

What is the Bajaj Allianz Hospital Cash Policy Help Policyholders in 2025?

As the prices of basic care, room upgrade, and attendant services increase in the cities of India in 2025, this daily cash benefit will assist the families to cover non-medical and indirect costs. No matter where you live, whether it is a tier 1 city or a smaller town, the payout is equal and can fill the gap between real needs and what health insurance will cover.

Did you know?
In a 2024 survey, nearly 40 percent of Indian policyholders said they incurred extra expenses of ₹10,000 or more during a single hospitalisation, not covered by their main insurance*.

What are the Main aspects of Bajaj Allianz Hospital Cash Daily Allowance Policy?

Knowing what you are really signing up to will enable you to get the right cover. The Bajaj Allianz Hospital Cash Daily Allowance Policy is accompanied by a number of highlights:

• Daily Cash Benefit: Fixed cash per hospital day (flexible options from ₹500 up to ₹5,000 per day).
• Coverage: Individual or family floater cover, and may cover spouse and children.
• ICU Benefit: Twofold day-to-day money in the event of ICU hospitalisation.
• Convalescence Bonus: Lump sum payout (e.g., ₹5,000-₹10,000) for extended hospitalisation (over 10+ days).
• Global Coverage: Can be used in India and in a few countries overseas on reimbursement basis in case of hospitalisation.
• Flexible Policy Terms: Renew on a yearly basis or take 2 to 3 year multi-year discounts.
• No Submission of Hospital Bill: Just evidence of hospitalisation.
• No Reduction in Primary Health Insurance: This is one of the benefits that are paid without any other insurance claims.

Table: Bajaj Allianz Hospital Cash Daily Allowance 2025 Plan Snapshot

Advantages and Disadvantages of Selecting Bajaj Allianz Hospital Cash Daily Allowance Policy

Pros

• Emergency liquidity: Cash on the spot without scrutiny of bills
• Easy claim: Only discharge summary and hospital stay evidence is needed
• May be combined with current insurance to offer greater protection
• Lump sum long term stay incentive
• Includes non-medical, attendant and incidental costs

Cons

• It is not an alternative to normal health insurance
• Per day limit might not be sufficient to meet all costs in premium hospitalisation
• Coverage exclusions (pre-existing disease waiting period, non-admissible hospitalisations)
• Upper daily limits apply (customise as needed)

Expert Insight:
Hospital cash plans are also combined with the group health policy by many working professionals to have wider coverage and financial flexibility.

The Hospital Cash Policy is most useful where?

Hospital cash allowance is perfect in some real life situations:

• Parents with Young Children: Frequent hospital admissions (e.g., for viral fever or infections) mean repeat direct expenses like travel or extra dietary needs.
• Senior Citizens: They usually require a companion attendant when they are in a long recovery process.
• Salaried Employees: Who are subjected to deduction of income or loss of pay in case of longer medical leaves.
• Self employed or Small Business Owners: Where business ends when you are in hospital.

Case Study

Priya, a 34-year-old software engineer in Bengaluru, was covered with 10 lakh health cover. She was admitted to the hospital 10 days in a complex dengue treatment. She was covered by insurance to cover medical expenses, but her husband had to leave work and employ a home nurse following discharge. Priya got 2000 x 10 = 20,000 with the daily cash benefit of her Bajaj Allianz policy. This assisted in compensating the loss of income and covered the basic non-medical costs.

People also ask:

Is the hospital cash allowance to be used on non-hospital expenses?
Yes, after you pay it, you can spend the money any way you want it- home help, travel, fancier meals, etc.

Who can take Bajaj Allianz Hospital Cash Daily Allowance Policy in 2025?

Knowing eligibility will assist you to make decisions on suitability:

• Adults: 18 to 65 years of age at entry. Policy is renewed on a lifelong basis.
• Children: 6 months–18 years (if parents are covered).
• Senior Citizens: Renewal at any age so long as enrolled before age 65.
• Is pre-policy medical checkup required?: Check-up may be required in case of increased sum insured or older ages.

People also ask

Does maternity or OPD have hospital cash benefit?
No, claims are only admissible in case of in-patient hospitalisation of over 24 hours not outpatient or regular maternity admissions except in case of complications.

What is the Calculation of Premium of Bajaj Allianz Hospital Cash Policy?

The hospital cash policy premium is based on important parameters:

• Age and size of members covered
• Daily cash allowance option selected
• Policy tenure (discounts on 2/3-year premiums)
• Family floater/ individual cover
• Place and optional riders/add-ons

For a family of three (aged 35, 33, and 6) opting for ₹1,500 daily cover, a one-year premium in 2025 could be around ₹1,800 to ₹2,200. Precise prices can be compared online, on online insurance marketplaces, to get the optimal set of features and prices.

Tip:
Look in the internet offers and promotions. Purchasing long-term plans will also reduce premiums by up to 8 percent as compared to annual renewal.

Did you know?
The majority of hospital cash policies provide 15 days free-look period to study the terms and cancel in case of necessity, receiving the money back.

What Does Not Fall under the Hospital Cash Daily Allowance Plan?

A few exclusions and restrictions to remember:

• Day-care procedures (less than 24 hours stay)
• Pre-existing disease within waiting period (usually 2 years)
• Unless after accident, cosmetic and dental surgery
• Normal maternity and OPD visits
• Hospitalisation outside the policy territory (unless specifically allowed)
• Rest cure, rehabilitation or experimental treatments in hospitalisation

The policy document should always be read in full because the features of the products can be updated or extended to 2025.

People Also Ask

Is it possible to claim two distinct daily cash benefits in case of being insured under two policies?
Yes, you may get fixed payments with different insurers on the same hospitalisation as long as you have different policies.

Daily Allowance Hospital Cash and Regular Health Insurance Plans

This indicates that hospital cash is not an alternative to primary health insurance but a good addition.

Expert Insight:
Hospital cash health insurance assists in paying hospital and indirect costs- providing families with two security.

Renewal, Portability and Claim Process in 2025

Renewal
Renewable lifelong provided that you join before the upper age limit.
No claim bonus or discount on following years.

Portability
Portable without any hassle to another insurer hospital cash policy to Bajaj Allianz, as per the IRDAI regulations.

Claim Process

• Notify insurer within the time of admission.
• Provide discharge summary and evidence of the number of days of hospitalisation.
• There is no need to have elaborate hospital bills.
• Transfer of benefit amount directly upon approval.

People Also Ask:

What is the time lag to receive the daily cash payout in the hospital?
Payouts normally take 7 working days after all the required documents have been filed.

Where to Find the Best Hospital Cash Allowance Policy on the Web?

By 2025, the majority of individuals compare the products of hospital cash daily allowance online, on aggregator markets and insurance companies websites. Always check:

• Reviews and complaint resolution ratings of customers.
• Benefits list vs exclusions.
• Options of family and child cover.
• Ability to increase benefits at renewal.
• Long tenure/group/family discount.

The process of comparing products does not only allow you to view the features of the products in a glance but also assists in securing competitive premiums on a single digital dashboard.

Did you know?
Buying insurance online has led to average premium savings of 10 to 15 percent for Indian families in the past 2 years*.

Summary in a Hurry: Bajaj Allianz Hospital Cash Daily Allowance Policy

• Above health insurance pays fixed amount per day of admissible hospital stay.
• Flexible cover: 500 to 5000 per day.
• Coverage of several family members, lifelong renewal.
• Serves as an additional cover to expenditures such as travel, food, attendant, and lost income.
• No scrutiny of the bills, no hassles of documentation, easy claims.
• You can purchase and compare plans with the help of top Indian insurance marketplaces.

Frequently Asked Questions: People Also Ask

1. Is Cash daily allowance in hospital taxable?
   No, when the benefit is paid to the insured person to be used by him/her personally, it does not count as a taxable income.

2. Are NRIs able to buy this policy to parents in India?
   Yes, NRIs can purchase this plan on behalf of parents residing in India so long as they are within the age and medical requirements.

3. Does this policy include COVID19 hospitalisation in 2025?
   In case of future pandemics or epidemics covered or as per IRDAI regulations then, the policy will cover the eligible days of hospitalisation.

4. What is the difference between hospital cash and critical illness cover?
   Hospital cash covers every day of hospitalisation due to any reason. Critical illness cover pays lump sum for specific major illnesses only (e.g., cancer, heart attack).

5. Does this policy have cashless claim facility?
   Claims are settled on reimbursement basis after hospitalisation and not cashless as in normal mediclaim since payout is a fixed amount daily.

6. Is the number of days of hospitalisation limited?
   Yes, most plans have maximum number of days per policy year (e.g., 30 or 45 days), and separate limit for ICU days.

TL;DR:

The Bajaj Allianz Hospital Cash Daily Allowance Policy 2025 is an intelligent, adaptable cover that provides you with a set amount of cash payment per day that you or your family member is in hospital. It deals with out-of-pocket and non-medical expenses not covered by primary health plans. It has easy claim process, family options and customisable benefits and can be used with comprehensive mediclaim to have complete peace of mind. Compare policies online to select what suits you and your budget.

Sources:

• Bajaj Allianz’s official website