Muthoot Group rolls out medical allowance policy Hospi Cash

The Muthoot Group has announced the launch of Muthoot Hospi Cash, a first-of-its-kind medical allowance policy. The policy will be active for one year.

It will cover reimbursement of not only medical bills but also all types of expenses incidental to hospitalisation, such as conveyance charges, cost of personal attendant, and loss of pay, among others.

“We are extremely happy to launch Muthoot Hospi Cash. The first-of-its-kind product will be eligible for individuals of all categories without any barriers of age or pre-existing diseases,” said George Alexander Muthoot, Managing Director.

Excluding certain serious illnesses, the special feature of the product is that no supporting bills of the expenses incurred are required to be produced for claiming the expenses, he said.

The policy holder only needs to produce the certified copy of the hospital discharge card, along with claim forms, for raising the claims. Those who are already covered by other medical insurance policies can take this policy as additional cover. The claims raised under this policy will be paid as allowance without looking into any of the benefits received under other policies.