What is a Hospital Cash Benefit Rider?

Hospital Cash Benefit Rider: This rider provides coverage for payment of medical bills paid on hospitalisation, subject to conditions and exclusions in the policy. The insurer compensates the insured for a fixed amount for each day of hospitalisation, subject to a maximum sum assured under the rider. Unlike the critical illness rider, the hospital cash benefit rider is not terminated on a claim being made; and can continue subject to the annual limit of the sum assured.

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