CASHLESS HEALTH INSURANCE IN INDIA: TYPES AND FEATURES

Your one decision can save you from spending on medical emergency expenses. Medical emergencies can arise anytime, anywhere, and on anyone. Before any emotional situations come to you consider Health Insurance policies that can save you from unwanted outgoings from your pockets. Invest in any insurance plan, But spending on Health Insurance policies will always be there in your hard situations whether it is for you or your loved one.

Prioritize your Cashless Health Insurance and make a smart move towards well-being. Know the types of health insurance, its benefits, and its importance before feeling regretful for bearing unplanned medical expenses. You never know what’s next, ensure you are ready for everything!

 

 

 

 

What is Cashless Health Insurance?

Cashless health insurance is when you don't have to pay money upfront when you go to the hospital. Instead, your insurance company pays the bill directly to the hospital.

What is Cashless Hospitalization?

Cashless hospitalization means you can get treatment at the hospital without paying anything at the time of admission. Your insurance company handles the payment directly with the hospital.

Types of Cashless Health Insurance in India

1. Cashless Individual Health Insurance:

Cashless Individual Health insurance provides its benefits one person at a time. If the insured person needs medical care, he/she can go to a hospital without worrying about paying upfront.

You can compare Cashless Individual Health Insurance for any specific person if you want to insure that person separately.

2. Cashless Family Health Insurance:

Cashless Family Health Insurance covers medical expenses for your whole family. If anyone in your family gets sick or needs treatment, they can go to the hospital without paying money upfront.

This insurance will pay off all your medical expenses within possible limits.

3. Cashless Health Insurance for Senior Citizens:

This type of insurance is for aged persons. Predicting all the medical treatments and their costs this Cashless Health Insurance for senior citizens helps them get any medical treatment without any limitations on their hospital admissions. This insurance includes hospital management coverage where you get free hospitalization on your treatment without having to pay upfront at the hospital.

 

Also Read: CASHLESS HOSPITALIZATION IN HEALTH INSURANCE

Features of Cashless Health Insurance

1. Homely - Private Treatments

If you're not feeling well and your doctor says you can be treated at home instead of the hospital, your insurance might help pay for those treatments.

2. Daily Hospital Cash Allowance

Imagine you're staying in the hospital for a few days. Your insurance might give you some money every day to cover small expenses like buying snacks or paying for parking.

3. Emergency Ambulance Costs Cover

If there's a sudden medical emergency and you need an ambulance to take you to the hospital, your insurance could help pay for it.

4. Value Added Services

Some insurance plans come with extra goodies. Like discounts on medicines or access to hotlines where you can talk to a doctor anytime.

5. Pre-existing Illness Cover

Even if you had health issues before getting the insurance, some plans will still help pay for your treatment if you get sick again.

6. Free Health Check-ups

Regular check-ups are important to catch any health problems early. With some plans, you can get these check-ups for free.

7. No Claim Bonus

If you continuously run your health insurance for a whole year without needing to use your insurance for medical reasons, you might get a little reward - like a discount on your next cashless health insurance plan premium.

8. Organ Donor Cover

If you ever need an organ transplant, your insurance might help cover the costs associated with finding a donor and the surgery itself.

Also Read: BEST CASHLESS HEALTH INSURANCE POLICY FOR FAMILY IN INDIA

Advantages/Benefits of Investing in Cashless Health Insurance in India

• Financial Security

0 yourself from sudden medical expenses by not having to pay upfront during hospitalization.

• Access to Quality Healthcare

Gain access to top-tier medical facilities and treatments without financial constraints.

• Convenient Medical Care

Enjoy the convenience of seamless medical services without the hassle of arranging immediate cash.

• Peace of Mind

Have peace of mind knowing you're covered for unforeseen health emergencies, allowing you to focus on recovery.

• Cost Savings

Save on out-of-pocket medical expenses through cashless treatments, reducing financial strain.

• Expedited Claim Process

Experience a smooth and expedited claim process, especially during critical situations.

• Additional Benefits

Benefit from supplementary perks such as complimentary health check-ups and ambulance services.

• Protection Against Inflation

Safeguard yourself against escalating healthcare costs and inflation with comprehensive coverage.

 

Top 5 Cashless Health Insurance in India 

1. Navi Health Insurance    
2. Niva Bupa Health Insurance  
3. Apollo Munich Optima Restore Health Insurance
4. Care Health Plan     
5. ICICI Lombard Health Care Plus      

What is Covered Under Cashless Health Insurance?

1. Expenses before and after going to the hospital
2. Treatments like Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy (AYUSH Treatment)
3. Cover for expenses at the doctor's office (OPD)
4. Free yearly check-ups as a loyalty reward
5. Costs of staying in the hospital
6. Procedures are done in one day, like chemotherapy or cataract surgery

What is Not Covered Under Cashless Health Insurance?

1. Illnesses you had before getting the insurance
2. Medical bills in the first 30 days of the policy, unless it's from an accident
3. Treatments for diseases you're born with
4. Bills from using drugs or alcohol
5. Things like soap or service fees during your hospital stay

List of Documents You Need for Cashless Health Insurance:

1. Fill out the form and sign.
2. Keep a doctor's note saying you were in the hospital
3. A Note that summarizes what happened when you left the hospital in detail.
4. Keep all the receipts for medicine and tests
5. Keep the Reports of all tests like ECGs or X-rays
6. A copy of your health insurance card is mandatory.

 

Conclusion

If you are thinking of investing, firstly invest in Best Health Insurance in India. Health Insurance plans provide numerous benefits out of which the best offers are reimbursement and cashless Health Insurance plans. To take advantage of Health Insurance types and features during unplanned hospitalization Compare here for the Best Cashless Health Insurance quotes and buy the one that fits your needs.

 

FAQs

Q1. Do all hospitals provide coverage under cashless health insurance?

Ans: Not necessarily. Insurance companies have a network of hospitals where cashless treatment is available. It's essential to check the list of network hospitals beforehand.

Q2. What documents do I need to avail of cashless treatment?

Ans: You typically need your health insurance card, a government-issued ID, and any other documents required by your insurance provider, such as pre-authorization forms.

Q3. Is there a limit on the amount covered under cashless health insurance?

Ans: Yes, insurance policies have a predefined sum insured, which represents the maximum amount the insurer will pay for covered medical expenses in a policy year.

Q4.  What happens if I need treatment at a hospital not covered by my cashless health insurance?

Ans: In such cases, you may need to pay for the treatment upfront and then file for reimbursement with your insurance company later, subject to policy terms and conditions.

Q5. Can I add family members to my cashless health insurance policy?

Ans: Yes, many insurance plans offer family floater options where you can include your spouse, children, and sometimes even parents under a single policy.

Q6. Are there any waiting periods associated with cashless health insurance?

Ans: Yes, there may be waiting periods for specific treatments or conditions, such as pre-existing illnesses, maternity benefits, or certain surgeries. It's essential to understand these waiting periods before making a claim.