Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna Corporation and Indian conglomerate TTK Group, today announced the launch of its latest product - ProHealth Cash.
ProHealth Cash is designed to provide top-up, gap and base cover option to varied consumer segments across India based on current coverage and overall affordability criteria. It can act as a supplementary benefit tool that takes care of non-medical and incidental expenses, like food and travelling cost of the companion, helping one overcome increased financial burden during hospitalization for consumers, who already have a medical indemnity cover.
ProHealth Cash pays a fixed daily benefit to an insured person for each day of hospitalization irrespective of the actual medical expenses, incurred.
One of the most significant features of this product is that it will pay for the eligible fixed benefit even if the hospitalization occurs outside of India, anywhere in the world.
The product is one of the most comprehensive and affordable option available in the market today and is available under two plan variants, Basic and Enhanced. It provides coverage towards Hospitalization and increased payouts for ICU, Worldwide and Accidental admission.
Moreover it also allows for features like Convalesce Benefit, Companion Benefit and Compassionate Benefit, with add on covers for Day Care, Accident Death and Critical Illness Benefit with annual coverage options ranging from Rs 30,000 to 9 lakhs.