Flipkart has partnered with ICICI Lombard to offer Hospicash insurance to customers. Compared to the usual indemnity well being insurance insurance policies, Hospicash is a profit that may enable customers to avail a hard and fast quantity for every day of hospitalization.
The fastened every day quantity will allow customers to pay for incidental medical or emergency bills. The insurance is made paperless, and versatile, masking each unintended hospitalizations or deliberate surgical procedures and therapy.
According to a research by Union ministry of statistics and programme, the direct common out-of-pocket expenditure throughout hospitalization in India ranges between Rs 4,452 to Rs 31,845 for an individual, whereas the typical lack of revenue due to hospitalization is estimated to be round Rs 8,164, stating that Indians incur vital bills throughout hospitalization.
Hospicash insurance will present cowl to customers for hospitalization with every day money advantages ranging from Rs 500. The Hospicash insurance coverage supplied by ICICI Lombard supplies customers with an additional allowance to not simply cowl emergency medical bills’ but additionally journey and post-discharge prices and compensation for lack of revenue throughout hospitalization.
Sanjeev Mantri, Executive Director, ICICI Lombard says, “With Flipkart, we will be able to reach the online-savvy consumers and meet their needs towards securing themselves and their loved ones during exigencies. Hospicash insurance is an affordable and convenient offering that can help consumers meet their daily incidental expenses during hospitalization. This is in line with our brand ethos of Nibhaye Vaade to go the extra mile to handhold customers during their hour of need.”
Ranjith Boyanapalli, Head – Fintech and Payments Group, Flipkart, says, “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.”