4692
5 min read
Sunil is a 27 year old young corporate who wants to give his family financial protection in case of medical emergencies. So, he wants to buy a medical policy offering coverage for the entire family. He was looking for a policy that could provide complete coverage to everyone in the family as well as can aid at times when he is short of cash. Sunil has heard about the cashless health insurance that it is hassle-free and makes hospital payments easy. However, he has some doubts about the policy terms and conditions of the cashless insurance. Thus, he is in doubt if he should purchase the cashless insurance policy or should go for some other policy.
Like Sunil, there are many other people who don’t have much knowledge about the cashless health insurance policies and the rules and regulations associated with it. In this article, we are taking you through the process and benefits of cashless health insurance and will let you know why and how to choose one. Let’s start with the understanding how cashless health insurance policy works.
Popular Health Insurance Companies
As the name suggests, with cashless health insurance you can avoid the hassle of paying bills at the hospital in case of any medical emergency. Here, the insurance company gets in direct touch with the hospital authority at the time of payment of bills of the insured person and does the needful without you having to worry about the payment. However, the hospital you choose to get the treatment done should be included in the network of hospitals enlisted by the insurance company.
The cashless health insurance is very much in demand lately as it saves the time and energy spent in a hospital while making the payments and does not put any financial burden on the patients family. This policy, especially comes handy at the time of any emergency, when you might not have enough cash in hand to pay your bills. Since this policy does not require any form of cash payments, it comes as a relief for people who do not have enough savings in their account. The only thing you should ensure is to choose a hospital that is available in the network of hospitals of your insurance provider. You can check for this information on the official website of the insurance provider.
By availing the best cashless health insurance, you can protect you and your family at the time of a medical emergency even if you don’t have cash in hand. Since health emergencies do not come with notice, people who do not have a huge amount of bank balance can access this policy at a time when you need emergency medical attention.
In general, there are two types of cashless health insurance.
A cashless family health insurance provides coverage to all the members of your family. So, you can insure every family member with this policy. On the other hand, the cashless health insurance for senior citizens provides cover for already existing diseases, hospitalization charges as well as the cost of ambulance charges.
Also Read: Is Health Insurance Important for Women?
The process for using cashless health insurance is very simple. Here’s what you can do:
There are certain drawbacks of the cashless insurance, which are mentioned below:
Also Read: List of Cheapest Health Insurance in India for 2022-23
Conclusion
The rising cost of medical treatment or health treatment has made it imperative for everyone to have a medical insurance. Buying a cashless insurance is hassle-free and beneficial in many cases, especially in case of any emergency. Also, cashless mediclaim policy for family is useful and worthwhile as it covers all members of the family with proper medical coverage.
However, like other insurance policies, it is important to read the document of policy carefully before choosing to buy a cashless insurance plan so that you know about all the terms and conditions mentioned in the policy beforehand.
It is also important to keep copies of all the bills and hospital documents safe, which you might need for future reference.
Also read: Pre-Existing Disease Cover in a Health Insurance Policy | Senior Citizen Health Insurance
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
AYUSH treatments have recently generated massive popularity as an emerging branch of medicine. Looking at the increasing demand for the treatment, it has become imperative.
The year 2024 started with some groundbreaking measures and initiatives in the health insurance sector to facilitate policyholders with better health coverage and benefits. One.
Our knee is an important joint in the entire musculoskeletal system. The support and strength of the knee are pivotal for fluid movement and locomotion..
Updated on Jan 30, 2024 Understanding how OPD and IPD are two different terms in medical science, their coverage in health insurance plans and the.
Updated on Jan 23, 2024 February 10 marks the National Deworming Day observed every year across India. Let us understand the importance of deworming and.
Insurance is an indispensable requirement. However, not everyone can afford individual medical insurance to stay covered against major uncertainties, especially after retirement. If that is.
Updated on Feb 22, 2024 World Cancer Day aims at educating people and spreading awareness about detecting cancer and its prevention and treatment. Let us.
Updated on Jan 23, 2024 Rare Disease Day is an occasion observed on the last day of February every year. This year February 28 marks.
Cancer is a disease that needs no introduction. We all know how deadly the disease is and how rapidly it is spreading across the world,.
Updated on Jan 30, 2024 What is Insurance Regulatory and Development Authority (IRDA)? - Know in Detail The Insurance Regulatory and Development Authority of India.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2024 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue