Cashless Insurance in India: A Boon

There are many people who despite having a good health insurance plan do not get the treatment they need. Reason—because they are unable to pay the initial amount required to get the treatment. Before the onset of cashless insurance in India, most insurance plans were designed to reimburse the amount spent on treatment by the individual. But this meant that people had to pay for the treatment at their own expense. This did not reduce the financial strain that a person had to go through.

On the contrary the conventional means of payout increased the strain on the individual. Instead of paying the premium, they would rather have saved the money and used it for the treatment. This was when people lost faith in health insurance. There was no way that the person could bear the burden of both—the insurance premium plus cost of treatment. In addition, one also had the anxiety of whether the insurance provider would reimburse the claim. With the birth of cashless insurance in India, this problem has been solved.

People now merely need to go to a network hospital and get the treatment that they need. The insurance provider settles payments with the hospital directly (or through a Third Part Administrator, TPA). This saves the policy holder the trouble of having to arrange money for the treatment as well as ensures that the individual does not have any trouble in getting the reimbursement. However, this facility is only applicable in network hospitals.

Although cashless insurance in India has become popular, there are many people who still prefer to use non-network hospitals. Apollo Munich Health Insurance gives individuals the choice of both. One can pick the kind of hospital that they wish to get treatment in. A policy holder now has the freedom to pick the doctor, hospital and the payout mode in health insurance.

Cashless Insurance in India

One of the major issues that people face with health insurance provider is at the time of claim settlement. As a solution to this problem, health insurers give the facility of cashless insurance in India with their plan. Using this facility, an individual can seek quality medical treatment from the hands of experts without worrying for the medical bills.

This cashless insurance in India facility is liked by many citizens, as it keeps them away from the process of claim. It is one of the most sought after feature that is most liked by the people. It is the facility that helps a policy holder to seek treatment from the hands of experts and walk out of the hospital premises without paying the bills. Health Insurance Company directly settles the bills to the hospital, on behalf of an insured.

The only point that one should keep in mind at the time of availing treatment on cashless basis is that there is an approval required before getting treatment. It may either from TPA or from the insurer, as stated in the terms and conditions of the plan purchased.

Apollo Munich offers this facility in more than 4000 hospitals of the country.