Hospital Cash Back Plan
This is a micro-insurance product which gives the insured the benefit of a cash pay-out in the event that they are hospitalized for more than 48hrs as a result of sickness or bodily injury. The insurer pays the insured a cash benefit for every single day that they are hospitalized.
– Affordability – Minimal premiums of $7.50 per month for adults and $5.00 for children under 18 years of age.
– Value – Lump sum cash pay-out of $375.00 for adults and $250 for children below 18 years for each day spent in hospital when admitted for more than 48 hours up to a maximum of 30 days.
– Benefit is over and over until the limit is exhausted.
– Funds are paid after the hospital stay and can be used however the client wants.
– Pre-existing conditions are covered.
– No medical examinations are required.