Flipkart has partnered with ICICI Lombard to present Hospicash insurance coverage to customers. Compared to the regular indemnity overall health insurance coverage policies, Hospicash is a advantage that will let customers to avail a fixed quantity for every day of hospitalization.
The fixed day-to-day quantity will allow customers to spend for incidental health-related or emergency expenditures. The insurance coverage is created paperless, and versatile, covering each accidental hospitalizations or planned surgeries and remedy.
According to a study by Union ministry of statistics and programme, the direct typical out-of-pocket expenditure throughout hospitalization in India ranges involving Rs 4,452 to Rs 31,845 for a particular person, whereas the typical loss of earnings due to hospitalization is estimated to be about Rs 8,164, stating that Indians incur important expenditures throughout hospitalization.
Hospicash insurance coverage will provide cover to customers for hospitalization with day-to-day money advantages beginning from Rs 500. The Hospicash insurance coverage policy provided by ICICI Lombard gives customers with an added allowance to not just cover emergency health-related expenses’ but also travel and post-discharge fees and compensation for loss of earnings throughout hospitalization.
Sanjeev Mantri, Executive Director, ICICI Lombard says, “With Flipkart, we will be able to reach the online-savvy consumers and meet their needs towards securing themselves and their loved ones during exigencies. Hospicash insurance is an affordable and convenient offering that can help consumers meet their daily incidental expenses during hospitalization. This is in line with our brand ethos of Nibhaye Vaade to go the extra mile to handhold customers during their hour of need.”
Feature | Provisions |
Daily money advantage | Rs 500 to Rs 2,000 per day |
Inclusions | Accident and illness-connected hospitalization |
Sum insured | Rs 500, Rs 1000, Rs 1500, Rs 2000 per day (lump sum advantage on hospitalization – cover for up to 90 days of hospitalization) |
Hospital network | More than 6,500 |
Health claim ratio | 99.9 per cent |
Waiting period | 30 days |
Minimum hospitalization | 24 hours |
Ranjith Boyanapalli, Head – Fintech and Payments Group, Flipkart, says, “As consumers increasingly understand the importance of health insurance, we want to ensure that Flipkart is their one-stop solution to provide the services for a holistic health protection plan. With Hospicash insurance, consumers can now safeguard themselves against overhead charges which can often result in unnecessary draining of savings.”