Things to Know About Hospital Cash Insurance Plan

 Nowadays, the treatment costs for any sickness or disease can easily go out of the budget due to the growing inflation in the healthcare field. Health insurance plans play a crucial part in such conditions. Many health insurance policies help people to take care of the medical costs after being hospitalized. But, incidental costs may not be included in the health insurance plans. Here, the hospital cash insurance policy can provide support for an everyday emergency by giving a fixed sum for every day until people are hospitalized.

Here is why people should go for hospital cash insurance:

Amount released on a daily basis

It is not a cashless health insurance plan, and the sum that is given to the client is lump-sum or on daily basis. One needs to choose the cash amount while purchasing health insurance. It is the most affordable policy that offers 3 types of insured benefits, including permanent disability, hospitalization cash, and death cover.

Double cash benefit

The hospicash plan comes with an additional or double cash benefit for the client in case of ICU confirmation. Considering the fact that the ICU expenses are much higher, the health insurers double the daily amount.

Manage extra hospital bills

The hospital cash policy allows people to manage and take care of the extra expenses that are not included in the comprehensive insurance policy. Also, it will aid in managing any additional costs that one might face during hospitalization.

Hospital Cash Insurance Plan – Key features

· Easy claim process

· 3 insured advantages in one policy

· Life insurance of 1 to 2 lakhs

· Affordable life cover

· Higher margin structure

The policy is helpful for the daily wage workers, labourers, and underbanked people in India who cannot afford health insurance policies. These people can get daily cash benefit in health insurance by visiting a BC agent outlet. The plan will provide people with peace of mind as they do not need to worry about the funds in case of hospitalization and medical emergencies.

 

All You Need to Know About the Services Offered by iServeU

iServeU Technology Pvt Ltd is a DIPP certified FinTech company. iServeU is registered under the Start-up India program by the Government of India. It is also supported by NSTDEB and pledges to make India a financial inclusive society. It is the only financial inclusion solution provider that is fully micro-services enabled and designed on latest technology. Following are the services offered by iServeU:

Cash Deposits

Unlike bank branches and CDMs, iServeU has its own cash deposit solution. This enables merchants and partners to offer cash deposit services to their customers. Also, these services are real-time and available round-the-clock. One can avail these services even on holidays.

Cash Withdrawal

One does not have to visit their bank or ATM to withdraw cash. With iServeU, one can easily withdraw cash anywhere through their Aadhaar number linked to their bank account. Other than this, they can also check their available balance anytime. This is a great initiative especially in rural and semi-urban where people finding ATMs and bank branches is quite hassle some.

Insurance

Life insurance rate is still below 3% in India. Thus, it is important to bring awareness about the benefits of life insurance. And in order to reach the majority of people, iServeU has come up with some innovative insurance services in association with Kotak Mahindra Bank Ltd (Kotak Life).

Lending

iServeU’s lending platform is a digital-junction of lender and borrower. As of October 2019, iServeU has disbursed loan worth $ 12.5 Cr through its platform.

E-toll Collection

With iServeU, one can pay highway tolls digitally through Radio Frequency Identification (RFID) Technology. FASTag from iServeU allows you to pass through toll booths on national highways that accept cashless toll payments.

These are all the services offered by iServeU. You can get more information regarding these services at iServeU Bhubaneshwar (headquarters). You can also visit iServeU Bangalore, Kolkata, Chennai, Hyderabad, and Secunderabad.