• Do’s and don’ts to Follow When Buying a Cashless Health Insurance Policy

    Health insurance buyers have been able to heave a sigh of relief ever since cashless insurance policies came into play. The prime reason for this is, policyholders no longer have to pay for their treatments out of their own pockets and wait for the insurance companies to reimburse them. Cashless policies have actually made paying for medical procedures a lot more easier as it don’t involve much of paying. Rather it requires an individual to submit the documents and be an interface between the hospital and the insurance provider.

    In this article, we will learn about some of the do’s and don’ts before investing in a cashless health insurance policy. But before that let’s give you a brief about what a cashless insurance policy is.

    What is a Cashless Health Insurance Policy?

    A Cashless Health Insurance Policy is a policy which doesn’t require you to pay for your treatments in a network hospital affiliated with your insurer. To get a cashless treatment, all you would have to do is show a valid identification and let the hospital and the insurance company sort out the payment based on the treatment you have availed. Now, let’s get to the do’s and don’ts of a cashless health insurance policy. .

    Do’s:

    Here are some of the things you need to do when opting for a cashless health insurance policy.

    Keep Yourself Informed:

    Having a cashless health insurance policy doesn’t mean you can have all your ailments treated. Like every other health insurance policy, a cashless one too will have a list of diseases and procedures that it will cover. So, before actually buying a policy, take a look at what it covers and what it doesn’t and then and only then should you make a decision

    Check the Network Hospitals:

    The main reason why cashless policies are rising in popularity is because treatments are available across a string of hospitals. As a policyholder, your first instinct should be to check how good the network hospitals are. If you are satisfied with the hospitals in the list and the services they offer, you should go ahead with the policy.

    Compare Similar Offers:

    While cashless policies are still in their infancy in India, there’s no dearth for insurers that provide them. Just like with every other thing you buy in your life, make sure to compare and evaluate cashless offers that fall under your price range. When you are evaluating offers, keep in mind aspects like network hospitals, illnesses covered etc. so as to take a more weighted decision.

    Don’ts:

    Like a yin for every yang, there are things you should and shouldn’t do when buying a cashless insurance policy. Here are a some of the things you shouldn’t do:

    Don’t Get Lured in with Big Names:

    While you may already know that traditional health insurance policies have limitations, the case with cashless policies is slightly more tricky. There are times when insurers try to lure you by listing out some big-name hospitals in their policy. Never fall into the trap as you may get a good hospital, but you may not get the treatment you are looking for.

    Don’t Skip the Fineprint:

    The thing with cashless health insurance policies is that, it’s not like the usual terms and conditions you see on the internet. Fineprints of insurance policies cover all the important details pertaining to a particular policy. So, rather than “agreeing” with the terms you don’t know anything about, read the entire document carefully so that you can elevate the problems with the insurer in case you come across some issues.

    Don’t Go for the Base Renewable Age:

    Renewable age in health insurance terms is the maximum age beyond which your policy will be voided. When applying, check if your policy has the highest renewable age it can offer.

    As mentioned earlier, cashless health insurance policies are still in its infancy in India. So, make sure to keep the aforementioned pointers in mind sifting through the best policy for you.

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

    Do’s and don’ts of Cashless Health Insurance Policy Reviews

  • Page 1 of 42 1 2 3 4 5
    • Royal Sundaram Health Insurance
      "Best insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health Insurance with Royal sundaram.The premium amount is is 2500,the policy coverage is five lakhs,24 hours hospitalization. for any kind of claims.The payments is done online.I have no claim experience and cashless treatment is covered 95%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • United India Health Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a health insurance from UNITED INDIA INSURANCE. They provide cashless facility. And i dont have any previous claim experience. Yearly i have to renew the policy. This policy cover my family and myself. They provide cashless facility.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Feb 19, 2018
    • Royal Sundaram Health Insurance
      "Average service"
      0.5 1.0/5 "Really Bad"
      I have taken Royal Sundaram Health Insurance policy,i purchased two months ago,the premium amount is is 6000 paid per annum,I dint receive the kit as yet.The policy coverage is three lakhs and they would cover 100% cashless treatment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • United India Health Insurance
      "Very good policy "
      0.5 5.0/5 "Blown Away!"
      I have the corporate health insurance policy wit the UNITED INDIA INSURANCE company. I hold this policy for the past 8 years. This policy covers 4 members in my family. I have the medical coverage amount up to Rs,3,00,000. I would say the cashless treatment option is available with this policy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 15, 2018
    • Bajaj Allianz Health Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Health Insurance with Bajaj Allianz ,the premium amount is 12,000, its a one time payment.They cover including the dependants the policy coverage amount is five lakhs ,they give 100% for cashless treatment.I pay my premium with my EMI card of bajaj allianz.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 15, 2018
    • ICICI Lombard Health Insurance
      "Better service"
      0.5 4.0/5 "Great!"
      I have taken a Health Insurance with ICICI Lombard,the premium amount is 10800 its a one time payment.They cover including the dependants 40% and for the primary holder its 60%they give 100% for cashless treatment.I would say its the best for an individual take a policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2018
    • Religare Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a health insurance with Religare from last 2 years and it is a good insurance policy. This policy has to be renewed every year and i pay a premium of Rs 11000 for this insurance. I do not have claim experience and i have not taken any cashless treatment. I have a coverage of Rs 5 lakhs which is satisfactory.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 14, 2018
    • National Insurance Health Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I have a health insurance with national insurance from last 2 months and it is a good insurance policy. I pay a premium of Rs 170 on monthly basis. I do not have claim experience so far and i have not taken any cashless treatment. I have a coverage of Rs 3 lakhs which is satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 13, 2018
    • Royal Sundaram Health Insurance
      "Health insurance with ROYAL SUNDARAM"
      0.5 3.0/5 "Satisfactory"
      From ROYAL SUNDARAM GENERAL INSURANCE i have taken a health insurance policy and the premium amount is 7000. This policy covers my whole family. They provide cashless treatment facility.I make my payment through cheque. The customer service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 13, 2018
    • HDFC Ergo Health Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Health insurance with HDFC Ergo,The premium amount is 17,000 including family members.The insurance is active since 2014. They promised to cover 100% cashless treatment till date i have no experience for the same.The payment is don't through Auto debit from credit card.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 13, 2018
    • HDFC Ergo Health Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold a health insurance with HDFC ERGO from last 7-8 years and it is a good insurance policy to use. This policy has to be renewed every year and i pay a premium of Rs 15000 for this insurance. I have taken a cashless treatment and my claim experience was very good with this insurance. I have a coverage of Rs 3 lakhs which is satisfactory.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 13, 2018
    • review Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a health insurance with Birla General insurance from last 6-7 years and it is one of the good insurance policy to use. This policy has to be renewed once in 3 years and i pay a premium of Rs 3500. I do not have claim experience so far with this insurance and i have not taken any cashless treatment. I have a coverage of Rs 3 lakhs which is satisfactory.
      Was this review helpful? 0
      , panipat
      Reviewed on Feb 12, 2018
    • United India Health Insurance
      "Good Insurance provider"
      0.5 5.0/5 "Blown Away!"
      I have a corporate insurance with United India Insurance for the sum assured of Rs.10 lakhs including my family members. I did a claim, when I met with the accident, I got cashless hospitalization service, totally I was admitted for 10 days, they took care of everything. The process was good, I claimed to Medi assist whose got tie up with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 12, 2018
    • HDFC Ergo Health Insurance
      "Good insurance policy"
      0.5 4.0/5 "Great!"
      I hold a health insurance policy with HDFC ERGO from last 5-6 years and it is one of the good insurance policy to use. I pay a premium of Rs 202 every month for this insurance. I have not taken any cashless treatment and i do not have claim experience so far. I have a health coverage of Rs 5 lakhs and the accidental coverage of Rs 15 lakhs which is satisfactory.
      Was this review helpful? 0
      , surat
      Reviewed on Feb 12, 2018
    • Reliance General Health Insurance
      "Good insurance policy"
      0.5 4.0/5 "Great!"
      I am having a health insurance policy with Reliance general from last 7 years and it is a good insurance policy to use.This policy has to be renewed every year and i pay a premium of Rs 12000-13000 for this insurance. I have not taken any cashless treatment and i do not have claim experience with this insurance. I have a coverage of Rs 6 lakhs which is satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 12, 2018
    • National Insurance Health Insurance
      "Okay"
      0.5 3.0/5 "Satisfactory"
      I have taken a health insurance policy with National Insurance 6 years back and it is a good insurance policy. I have not made any claim experience with the National Insurance. The policy which I have taken is best benefited. The cashless treatment policy is also good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 09, 2018
    • HDFC Ergo Health Insurance
      "Good for health concern"
      0.5 4.0/5 "Great!"
      I hold the health insurance policy with the HDFC ERGO GENERAL INSURANCE company, Around 2 years ago I got this policy. This policy has the tenure of 1 year. This policy covers 3 members in my family and it has the medical coverage up to 6lakhs. The cashless treatment option is available with this policy.
      Was this review helpful? 0
      , noida
      Reviewed on Feb 09, 2018
    • HDFC Ergo Health Insurance
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      Taken medical insurance policy with HDFC ERGO GENERAL INSURANCE. There plan benefits are really very good. The policy coverage and cashless treatment policy were very good with HDFC ERGO GENERAL INSURANCE. Customer service is very good and claim when explaining the policy.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 08, 2018
    • Max Bupa Health Insurance
      "Average insurance"
      0.5 3.0/5 "Satisfactory"
      I took my health insurance with Max Bupa 4 years ago. I never used the policy any time. But am not happy with the cashless facility which was not yet informed to me. There is no helpline number to contact the customer care. The policy coverage was 2.5L. This insurance was taken only for me. I am paying yearly Rs.5000 to 6000 as a premium through net banking.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 08, 2018
    • United India Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken a health insurance from UNITED INDIA INSURANCE. Its my corporate insurance which has been provided through my company. The total policy covers for 2 lakhs. They provide cashless and reimbursement. I dont have any previous claim experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 08, 2018
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