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Flipkart-ICICI Lombard insurance to cover the cost of hospitalization. Know daily limitations, other

The insurance covers both accidental hospitalization and scheduled surgery or treatment.

The cash benefits will range from 500 to 2000 per day of hospitalization.

Flipkart has joined forces with ICICI Lombard to offer Hospicash insurance to consumers. Compared to standard health insurance indemnity insurance policies, Hospicash allows consumers to use a fixed amount for each day of hospitalization. The insurance covers both accidental hospitalization and scheduled surgery and treatment. The fixed daily amount allows consumers to pay for incidental medical or emergency expenses.



"Our Hospicash insurance is an affordable and convenient offering that can help consumers meet their daily incidental expenses during hospitalization," said Sanjeev Mantri, Executive Director of ICICI Lombard.

Details of Hospicash insurance

The Hospital Daily cash benefit, a sachet-based group insurance product that will offer a fixed amount for each day that you are hospitalized. The cash benefits will be ranged from ₹500 to ₹2,000 per day. The amount that will be paid every day depends on the coverage chose by the customer at the time of purchasing the policy.

This policy will be issued for a period of one year. The premium starts from as low as 278 and can be increased to 1,089, depending on the coverage of the policy. Cash benefits will be granted up to a maximum of 90 days in a policy year subject to 10 days per hospitalization, the company said. The client must be hospitalized for at least 24 hours in order to receive the benefits.


The minimum and maximum age of entry are 18 and 60 years, respectively. It should be noted that there is a 30-day waiting period for cash benefits to be made available. This applies to the hospitalization in any government or private hospital across the country. Over 6,500 hospitals will be covered by the policy.

"The Hospicash insurance policy also provides consumers an extra allowance to not just cover emergency medical expenses’ but also travel and post-discharge costs and compensation for loss of income during hospitalization," the insurer said in a statement.


"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," said Ranjith Boyanapalli, Head of Fintech and Payments.

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