The general insurance, Bharti AXA has introduced a new health insurance product- Hospi Cash Benefit Rider. In this scheme a fixed amount is provided in case of hospitalization and surgery.
Mr. Sandeep Ghosh, Managing Director and CEO of Bharti AXA life insurance said, "A recent study by Public Health Foundation of India revealed that the per capita spending on hospitalisation went up from 11.2 per cent in 2005 to 22.47 per cent in 2010. This is a cause for great concern as high cost should not be a deterrent for a patient looking for the best possible medical solution."
Bharti AXA Life Hospi Cash Benefit Rider is a non-linked regular pay hospital and surgery cash insurances rider.
Benefits of this rider include a fixed daily payout in case of hospitalisation and an additional daily payout in case of admission in ICU. It also offers a lump sum on undergoing a surgery on an individual policy. This rider can be taken with all the traditional products of Bharti AXA Life.