Hospital Cash Insurance

Product Description:

Hospital Cash Insurance pays the insured a specific cash amount for each day he/she is hospitalized. Payments can be used for income replacement, funds to supplement medical expenses or extra cash for any other expenses.

Benefits are usually payable for up to 365 days and may begin after a waiting period. Hospital Cash may be purchased independently or as part of a more extensive benefits package. Coverage may be available on an Accident only or Accident & Sickness basis.

Core Coverage:

Daily indemnity for hospitalization.

Optional Benefits:

• Additional surgical and cash benefits may be available if the insured is hospitalized outside his/her country of residence;
• if both spouses are hospitalized during the same time period;
• or for hospitalization due to a heart attack, stroke or cancer.

Customer Profile:

This product is mainly purchased by individuals between the ages of 18 and 65. It may include coverage for dependents. Hospital Cash may be offered to employees, members of affinity groups or via individual sales.

Distribution:

In many of our markets around the world, we may utilize a variety of distribution channels including brokers, travel agencies, agents, worksite marketing, consultants, and bancassurance.

For method of distribution, this product falls under the following categories:

• Group - Employee/Employer and Associations
• Direct Marketing
• Individual / Other