A hospital stay costs more than just medical bills. Transport, food for family members, lost income, daily expenses — these are gaps your regular health insurance doesn't cover. the insurer's Hospi Cash Policy pays you a fixed daily cash amount for every day you're hospitalised, regardless of actual medical expenses. ICU pays more. Accidents pay more. Extended stays pay a convalescence bonus. Use the cash for anything.
the insurer Health· Hospi Cash Policy (NHCP)· New Product May 2025· Fixed Benefit / Daily Cash Category· the insurer PDF (robots.txt blocked)· IRDAI Category Definition· Group GNHCP Also Available
the insurer's Hospi Cash Policy is a fixed-benefit hospital daily cash insurance product — a category distinctly different from standard indemnity health insurance. Launched by the insurer in May 2025, NHCP pays you a predetermined fixed daily cash amount for each complete 24-hour period of hospitalisation, irrespective of the actual medical expenses you incur. The policy complements your existing health insurance — it doesn't replace it.
The Hospi Cash Policy (NHCP) was launched by the insurer in May 2025. The product PDF is available on the insurer's website () but is not yet covered by any insurance aggregator. This page explains the hospital cash policy category, what NHCP is, how it works, and what to ask the insurer about specific benefit amounts, daily cash tiers, maximum days, waiting periods, and eligibility. For confirmed NHCP specifics: Call Probitas at 022 4302 0000 — we have access to the current NHCP policy document and will provide exact terms for your quote.
Every indemnity health policy pays back what you actually spent on bills. NHCP pays you a fixed pre-agreed amount per day — regardless of whether your actual daily expense is higher or lower. If you're paid ₹1,500/day and the actual bill is ₹800: you keep the ₹1,500. Fixed benefit is yours unconditionally.
Fixed Benefit CategoryNHCP is not a replacement for indemnity health insurance. It's a supplement — your NMP or NYIMP pays the hospital bills while NHCP pays you cash for the hidden costs of hospitalisation: food, attendant transport, lost wages, daily household expenses. Both can be claimed simultaneously for the same hospitalisation.
Claim Both SimultaneouslyStandard hospital cash policies pay more for ICU admissions — typically 1.5× to 2× the standard daily rate. ICU stays cost more (attendants, transport, family staying nearby) and are more disruptive to household income. The enhanced ICU rate compensates for this extra burden. Specific NHCP ICU rate: confirm with Probitas.
Enhanced ICU RateFor hospitalisations exceeding a threshold duration (typically 10+ consecutive days in Indian hospi-cash policies), a one-time convalescence benefit is paid — a lump sum representing the extended disruption and recovery costs. Specific NHCP convalescence terms: confirm with Probitas at 022 4302 0000.
Long Stay BonusUnlike indemnity claims requiring itemised bills, diagnostic reports, and doctor certificates, NHCP claims typically require just the hospitalisation certificate / discharge summary confirming the dates and duration of hospitalisation. No bill amounts, no itemised receipts for the daily cash component.
Discharge Summary Onlythe insurer simultaneously launched a Group Hospi Cash Policy (GNHCP) — designed for employer-employee groups, associations, and corporate buyers. Employers can provide hospi-cash cover to their entire workforce under a single group policy. Individual NHCP and Group GNHCP are separate products with the same underlying benefit structure.
NHCP + GNHCP Both AvailableIRDAI Category Definition + Standard Hospital Cash Policy Mechanics· Framework
Hospital cash policies have a consistent mechanics framework across all Indian insurers, defined by IRDAI. NHCP follows this framework. Understanding how the mechanics work helps you determine the right daily cash amount to choose and how to use it.
The Structural Difference· NHCP Complements Your Health Insurance — It Doesn't Replace It
The most important thing to understand about NHCP: it is not a replacement for your NMP, NYIMP, or NNPMP indemnity health insurance policy. It's a supplement — a second layer that specifically covers what indemnity insurance misses: the incidental, non-medical costs of being hospitalised.
Hospital Cash Policy Standard Framework (IRDAI)· NHCP Specifics to Be with Probitas
All hospital cash policies in India follow a broadly consistent benefit framework defined by IRDAI. The following benefit structure is typical across major Indian insurers' hospital cash products. NHCP from the insurer will follow this framework with the insurer-specific parameters. Call Probitas at 022 4302 0000 to get the exact NHCP benefit table from the current policy document.
A fixed daily amount for every completed 24-hour period of hospitalisation (illness or injury). Minimum hospitalisation: typically 24 continuous hours (Day Care / OPD visits do not qualify). Basic rate is the foundational benefit — all other benefits build on it. Specific NHCP daily cash options: confirm with Probitas.
Every 24 Hours· Illness + InjuryWhen admitted to an ICU, a higher daily cash rate applies — typically 1.5× to 2× the standard daily amount, for each 24-hour period in the ICU. Standard rationale: ICU admissions are more severe, more disruptive, involve more family presence at the hospital, and carry higher non-medical costs. NHCP ICU multiplier and maximum ICU days: confirm with Probitas.
Enhanced Rate· ICU AdmissionMany hospital cash policies pay a higher daily amount when hospitalisation is caused by an accident (vs illness). Typical: 1.25× to 1.5× the standard rate. Accident admissions are often accompanied by family being summoned from afar and higher non-medical disruption costs. NHCP accident premium rate: confirm with Probitas.
Higher for Accident AdmissionsFor hospitalisations exceeding a defined consecutive-day threshold (typically 10+ consecutive days), a one-time lump sum convalescence benefit is paid in addition to daily cash amounts. Rationale: very long hospitalisations (surgeries, serious illness) create compounding financial burden beyond what daily cash covers. NHCP convalescence trigger and amount: confirm with Probitas.
Extended Stay Bonus· Once per HospitalisationAll hospital cash policies cap the total number of claimable days per year (typically 30–90 days total, with per-hospitalisation maximums). NHCP maximum days and per-hospitalisation caps: confirm with Probitas. Day care (under 24 hours) typically excluded from counting toward the daily cash benefit.
Annual Cap on DaysThe key advantage of fixed daily cash over indemnity: once received, the cash is yours with no restrictions. Use it for: family attendant food, transport to/from hospital, EMI payments, household expenses, children's school fees, rent, income replacement — anything. No receipts or documentation required for how you spend it.
No Restrictions on UseThe Real Value of Hospital Cash — What Indemnity Insurance Doesn't Cover
NHCP cash has no restrictions on use. Once paid, it's yours. Most people use hospital cash to cover the expenses their health insurance doesn't — the incidental, non-medical costs that accumulate quickly during a hospital stay.
Family members staying near the hospital eating out for days. Patient's special dietary needs. Canteen expenses.
Daily to-and-from trips for family. Taxi to hospital and back. Relatives summoned from other cities.
Hiring an ayah or nurse for night shifts. Professional attendant charges not covered by insurance.
Days missed from work. Freelance income lost. Business that couldn't operate. No sick leave for the self-employed.
EMIs, rent, utility bills, school fees that don't stop while you're in hospital.
OTC supplements, specific dietary items, personal hygiene products not covered by health insurance.
Calls to inform family, coordinate care, manage work situations remotely during hospitalisation.
Post-discharge physiotherapy, dietary supplements, home nursing, medical equipment rentals during recovery.
the insurer Also Launched Group NHCP (GNHCP) Simultaneously in May 2025· For Employers + Associations
the insurer launched the Group Hospi Cash Policy (GNHCP) simultaneously with the individual NHCP in May 2025. A separate prospectus (GNHCP) was also published. GNHCP covers employees, members, or insured persons under a single group master policy — enabling employers or associations to provide hospi-cash benefits cost-effectively across their workforce or membership.
Hospital Cash Policy Standard Waiting Period Framework· NHCP-Specific Terms to Confirm with Probitas
Hospital cash policies have standard waiting period structures consistent across Indian insurers. The following are typical — NHCP's specific waiting periods are in the policy document. Call Probitas at 022 4302 0000 for confirmed NHCP waiting periods.
Standard hospital cash: 30-day initial waiting period for illness-related hospitalisation from policy inception. If hospitalised for illness within 30 days: no daily cash paid. Accidents: typically payable from Day 1 — no waiting period for accidental hospitalisation. NHCP-specific initial wait: confirm with Probitas.
30 Days Illness· Day 1 Accident (Typical)Most hospital cash policies have a PED waiting period — hospitalisation caused by a condition that existed before the policy was purchased is excluded during the waiting period. Standard range: 1–2 years for hospital cash (shorter than indemnity health). PED-related ICU and long-stay benefits: also subject to PED wait. NHCP PED wait: confirm with Probitas.
PED Wait — Confirm with ProbitasChildbirth-related hospitalisation (if covered as a benefit under NHCP) typically has a 2-year waiting period. Complications of pregnancy may be treated differently. Not all hospital cash policies include maternity as a benefit. Whether NHCP covers maternity hospi-cash and the applicable wait: confirm with Probitas.
2-Year Wait TypicalAcross virtually all Indian hospital cash policies, accidental hospitalisation has no waiting period — coverage from Day 1. If you're hospitalised due to an accident on the first day of the policy: NHCP daily cash (at the standard or enhanced accident rate) is payable. This is consistent with IRDAI standard practice.
No Wait for AccidentsHospital Cash Policy Standard Exclusions· IRDAI Framework· NHCP Specifics from Policy Document
The following exclusions are standard across India's hospital cash products. NHCP will follow similar exclusions with the insurer-specific terms. Always confirm NHCP's exclusion list directly with Probitas or from the NHCP policy document.
Hospitalisation for illness during the initial waiting period (typically 30 days): excluded. Accidental hospitalisation from Day 1: covered. Pre-existing conditions during PED waiting period: excluded.
Dental treatment unless necessitated by an accident requiring hospitalisation. Standard universal exclusion across all health and hospital cash policies. OPD dental: excluded.
Day care procedures, OPD consultations, treatments not requiring minimum 24-hour hospitalisation: typically excluded from daily cash benefit. Hospital cash is for inpatient admissions only.
Hospitalisation outside India typically excluded from Indian hospital cash policies unless specifically included (rare). NHCP covers India-based hospitalisation only.
Hospitalisation caused by drug or alcohol abuse, intentional self-harm, suicide attempts: excluded. Standard universal exclusion. War, civil unrest, nuclear-related injuries: excluded.
If NHCP does not include maternity as a covered benefit: childbirth and pregnancy-related hospitalisation is excluded. If included: 2-year wait applies. Confirm maternity status for NHCP with Probitas.
Hospitalisation solely for diagnostic tests, observation, or routine check-up without active treatment for an illness or injury: typically excluded. Must be medically necessary inpatient treatment.
Psychiatric treatment exclusions vary by policy. OPD psychiatric treatment: universally excluded from hospital cash. Inpatient psychiatric admission: varies — some hospital cash policies exclude, some include. NHCP mental health position: confirm with Probitas.
Hospital Cash Claim Process· Simpler than Indemnity Claims· Discharge Summary Primary Document
Hospital cash claims are structurally simpler than indemnity health claims because no bill amounts are being verified. The primary question is simply: were you hospitalised? For how many days? ICU? The discharge summary answers all these questions, making NHCP claims fast and low-friction.
Notify the insurer (or TPA if NHCP uses TPA service) upon admission. Planned hospitalisation: intimate 72 hours prior. Emergency: within 24 hours. This is required for all health insurance products. Hospital cash claims don't typically have cashless facility (it's a cash payout to you, not the hospital) — but intimation is still required within the specified timeframe.
The discharge summary is the primary document for NHCP claims. It contains: admission date, discharge date, diagnosis, ICU stay duration (if any), and total days of inpatient stay. This single document enables the insurer to compute your exact NHCP benefit: number of days × daily rate (+ ICU enhancement if applicable + convalescence if qualifying threshold met).
Completed the insurer NHCP claim form (Part A and Part B where applicable) + discharge summary + photo ID + NEFT bank details for direct credit. For ICU claims: discharge summary should specifically note ICU admission dates. Submit within the prescribed time limit — typically 15 days from discharge. Pre and post-hospitalisation documents are not required for hospital cash (no indemnity claim being made).
the insurer (or TPA) reviews the discharge summary, confirms the number of hospitalisation days, checks for ICU / accident / convalescence qualifying conditions, and computes the fixed benefit amount. Payment is made directly to your registered bank account via NEFT. No reimbursement of bills is involved — this is a direct cash transfer of the pre-agreed benefit amount. Typical claim settlement for hospital cash is 5–10 working days from document submission.
Critical: you can and should claim NHCP daily cash AND your NMP/NYIMP/NNPMP health insurance for the same hospitalisation simultaneously. These are separate products. NHCP doesn't deduct from your health insurance claim. Your health insurance doesn't reduce the NHCP benefit. Submit NHCP claim to the insurer/TPA. Submit health insurance claim to the other insurer/TPA. Both are processed independently. This double-layer claim is a key advantage of holding both products.
Hospi Cash Policy — Frequently Asked Questions
Get Your the insurer Hospi Cash Policy Quote
Tell us your age, preferred daily cash amount, and whether you need individual (NHCP) or group (GNHCP) coverage. Our specialist will provide exact NHCP benefit tiers, premiums, and waiting periods from the insurer's current policy document.
By submitting you agree to our Privacy Policy and Terms & Conditions. Hospi Cash Policy (NHCP)· the insurer· IRDAI Individual (NHCP) and Group (GNHCP) versions both available — launched May 2025. NHCP is a fixed-benefit hospital daily cash policy — not an indemnity health insurance. Can be claimed simultaneously with your existing indemnity health insurance. Specific daily cash tiers, ICU multipliers, convalescence terms, eligibility, waiting periods and premiums per current the insurer NHCP policy document — call 022 4302 0000 for confirmed terms. Probitas Insurance Brokers Pvt. Ltd.· IRDAI Lic. No. 528.