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HOSPITAL CASH BENEFIT

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Hospital Cash Benefit

Every day Hospital Money (HM) plans work in an unexpected way in comparison to your ordinary Medical plans.
In a Hospital Money plan, you get the repayment dependent on the quantity of days spent in the emergency clinic independent of the hospitalization cost.
For example, in the event that somebody goes through 5 days in a clinic and his hospitalization cost is ₹ 10,000 with a day by day money advantage of ₹ 1,000.
At that point, he will get both the ₹ 10,000 spread for therapeutic costs and ₹ 5,000 for 5 days spent in the medical clinic.
The measure of every day cost fluctuates with the aggregate protected. We offer every day emergency clinic money on hospitalization for a base time of 3 days and subject to a limit of 10 back to back days in the accompanying way.

Income Tax Deduction under section 80D

Deduction allowable upto Rs.25,000/- if an amount is paid to keep in force an insurance on health of assessee or his family (i.e. Spouse & dependent children) or any contribution made to the central Government Health Scheme or such other scheme as may be notified by the Central Government in this behalf or on account of Preventive health check –up of the assessee or his family .
Additional deduction upto Rs.25,000/- if an amount is paid to keep in force an insurance on health of parents or on account of Preventive health check –up of the parent of the assessee, whether dependent or not .
In case of HUF, deduction allowable upto Rs.25,000/- if an amount is paid to keep in force an insurance on health of any member of that HUF.
If the sum specified in (a) or (b) or (c) is paid to effect or keep in force an insurance on the health of any person specified therein who is a senior citizen, then the deduction available will be up to Rs.30,000/-. Here senior citizen means the person who is of sixty year or more during the previous year.
In Case the amounts are paid in (a) or (b) or (c) on account of preventive health check up , the deduction for such amounts shall be allowed to the extent it does not exceed in aggregate Rs. 5,000 /-.
For the purpose of deduction, the payment shall be made by
Any mode, including cash, in respect of any sum paid on account of preventive health check up .
Any mode other than cash in all other cases.
The insurance as mentioned above shall be in accordance with the scheme framed by
The General Insurance Corporation of India as approved by the Central Government in this behalf or;
Any other insurer and approved by the Insurance Regulatory and Development Authority.

CLAIM PROCESS FOR HEALTH INSURANCE POLICY

Step by step instructions to make a Claim - Health

You can make a case under a Health protection strategy in two different ways:

On a Cashless premise:

For a case on cashless premise, your treatment must be just at a system medical clinic of the Third Party Administrator (TPA) who is overhauling your arrangement. You need to look for approval for profiting the treatment on a cashless premise according to systems set down and in the endorsed structure. If it's not too much trouble read the strategy archive when you get it to acquaint yourself with the procedure as opposed to trust that a case will emerge

Claims on repayment premise (Reimbursement):

Read the condition identifying with claims in your approach report when you get it to guarantee that you comprehend the strategy and the records required for making a case on repayment premise. At the point when a case emerges you ought to educate the insurance agent according to strategies required. After hospitalization, you need to guarantee that you get and keep prepared archives, for example, guarantee structure, release outline, solutions and bills that you ought to submit for a case.