Hospitalization insurance

Explanations

Hospitalization insurance, also known as inpatient medical insurance, refers to the insurance company's responsibility to pay for the various expenses incurred by the insured person due to an accidental injury or illness that requires hospitalization. The purpose is to reduce the risk of the insured person incurring high medical expenses when hospitalized.

Occurrence scenarios

Various types of medical insurance, hospitalization insurance.

Examples

Client C purchased a high-end medical insurance policy that includes hospitalization coverage. In the second year of renewal, the client felt unwell and went to the special department of a public hospital listed on the network for hospitalization treatment. According to the policy terms, all expenses were covered by the insurance.

key points

Hospitalization insurance often has a waiting period, and no compensation can be obtained for treatment during the waiting period. Some items may have restrictions, such as the type of hospital room and the number of days of hospitalization. The insured needs to carefully read the terms and conditions before purchasing the product.

If you would like to learn more, please feel free to consult with our insurance advisors.