Cashless facility is a feature of health insurance plans where the policyholder can avail treatment without paying any money from his pocket for treatment or surgery. This facility is offered to policyholders by insurers, in return for regular and monthly premiums paid towards the policy.
Insurers have tie-ups with hospitals called ‘network hospitals’. When the insured is hospitalized at a network hospital, the insurer directly settles the hospital bill. This facility helps the policyholder stay stress free and prepared for any medical emergencies. It reduces the financial burden on the policy holder’s family, at the time of hospitalization.
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The insurer has tie-ups with leading network hospitals, where cashless facility is offered. The insurer directly settles bills with hospitals on behalf of the insured. When the insured is hospitalized and receives treatment from these hospitals, the medical bills are forwarded to the health insurance company. The company then scrutinizes the claim and settles the bill by clearing dues on behalf of the insured.
Different health insurance policies have different features. The features vary across insurers. Listed below are some of the common features that are included in most cashless health insurance plans:
The cashless health insurance policy provides a host of benefits. Listed below are a few:
Outlined below are the key reasons to avail a health insurance plan:
SEE ALSO: Tips To Port Health Insurance Plan
Apollo Munich optima restore health insurance:
Optima Restore is a health insurance plan offered by Apollo Munich Health Insurance Company. It is one of the best health insurance policies that offers features like lifelong renewal, cover for critical illness, cover for organ donors, includes wide range of network hospitals as well as provides features like restore benefit, multiplier benefit, and covers cost of ayurvedic treatment.
ICICI Lombard health care plus:
Health care plus from ICICI Lombard health is one of the best cashless health insurance policies that offer cashless facility in over 5,000 network hospitals with approval within 4 hours, quick cash settlement process, add on benefits like maternity benefit and outpatient treatments, includes flexible and deductibles and lifetime renewal option for the policy.
Religare health care:
This is one of the best cashless health insurance policies that provides comprehensive cover for policyholders and offers benefits like lifetime renewal facility, daily allowances, pre and post hospitalization charges, 4,600 network hospitals as well as covers cost for alternative treatment like Ayurveda, Unani and homeopathy.
Max Bupa health insurance:
This is one of the best cashless health insurance policies in India that offers facilities that include cashless facility on wide range of hospitals, lifelong renewal option, free health check up every 3 years, increased sum assured for no claim years.
Bajaj Allianz Health Insurance Family Floater:
Bajaj Allianz health insurance policy is one of the best health insurance policies that offer highest coverage that includes coverage for up to 6 members along with benefits like cashless facility in over 6000+ hospitals, 10% co- payment on network hospitals and so on.
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