Hospital Cash Benefit:
A daily hospital cash allowance policy helps you in getting a fixed sum of money per day of hospitalisation (for example Rs. 1000/- per day of hospitalisation ) irrespective of the amount of expenditure actually incurred during the hospitalisation.
Coverage Amount:
This is the total benefit amount for which the policy is taken. If this is an annual policy it will have a limit on the number of days (or the amount) that can be paid for every year plus some policies may also have a life time limit across the years for which the policy will continue to be issued.