4 Insurance Plans One Must Have
2. Hospital Cash Plan
Some hospitalizations can wipe out a family's savings. For salaried employees, getting a Hospital Cash Plan to support various medical costs is a responsible and smart thing to do. Health Insurance only reimburses hospital bills but most often will not cover small incidental and sundry expenses.
A Hospital Cash Plan provides small amounts of cash on a daily basis which can never be an alternative to Health Insurance. It also provides relief on your Income Tax under section 80 D, Income Tax Act 1961.
