• 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 44 1 2 3 4 5
    • Star Health Health Insurance
      "Health insurance with STAR"
      0.5 3.0/5 "Satisfactory"
      I have taken health insurance from STAR HEALTH & ALLIED INSURANCE. and the premium amount is 2500 for 2.5 lakhs of policy coverage.They dont provide any cashless faculty but provide reimbursement. There is no claim experience till now. Its an individual policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 24, 2018
    • Bajaj Allianz Health Insurance
      "Good policy for health"
      0.5 5.0/5 "Blown Away!"
      I have taken a health insurance with BAJAJ ALLIANZ GENERAL INSURANCE and the premium i am paying was 13600 annually. The provide cashless facility and the claim experience was good. The have cashless facility almost 99% of coverage done through the insurance.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 21, 2018
    • Religare Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      From RELIGARE Health i have taken the health insurance. They provide cashless facility. There is no claim experience with them. There is health check up available on the insurance policy. Its an individual policy.The customer service and response is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2018
    • Max Bupa Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my health insured with MAX BUPA insurance from last 1.5 years, I have a very good coverage value of Rs 4 lakhs for this health insurance. I am not aware of the premium amount as my company pays it. I have not taken any cashless treatment and there is no claim experience so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 16, 2018
    • Oriental Insurance Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold the health insurance policy from the ORIENTAL INSURANCE company for the past 2 years. This policy covers only one member which is myself. This policy has the medical coverage up to Rs,500,000. The cashless treatment is available with the ORIENTAL INSURANCE health policy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 10, 2018
    • Religare Health Insurance
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have an health Insurance with Religare. The benefits is for the whole family. Their offers covers me for the top hospitals. The payments will be regularly deducted through Ecs. As it is an cashless process. I never claimed any service from Religare till now. It is an excellent experience with Religare health insurance service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 04, 2018
    • Star Health Health Insurance
      "Good health insurance policy"
      0.5 4.0/5 "Great!"
      I have got the Star health insurance policy around 3 years ago. The customer support service is good with the Star health insurance . This policy cover 4members in my family. This policy covers 5lakhs in this policy and the cashless treatment options are available with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 26, 2018
    • Star Health Health Insurance
      "Family floater with Star health"
      0.5 5.0/5 "Blown Away!"
      I have taken a health insurance from STAR HEALTH & ALLIED INSURANCE and the premium amount is 13000. Its a 5 lakhs policy. The do provide cashless facility. There is no claim experience and we can claim 1500 for a health checkup every year and the amount will be reimbursed. its a family floater.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 23, 2018
    • Star Health Health Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      Around a year ago, I have got the health insurance policy from the Star health insurance company. I have paid Rs,10,000 to this policy and this policy covers 4 members in our family and it has the medical coverage up to 3lakhs per head . The cashless treatment is available from this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 23, 2018
    • Star Health Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      From STAR HEALTH & ALLIED INSURANCE i have taken a health insurance with a premium of 14000. its an individual policy. The total coverage is for 5 lakhs. At the time of the policy taken they do provide a health checkup. They have cashless facility.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 22, 2018
    • Reliance General Health Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a health insurance from RELIANCE GENERAL INSURANCE and the policy coverage is 3 lakhs. They do provide cashless facility. This policy can be given to the family members as well.There is no claim experience with Reliance till date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 22, 2018
    • Star Health Health Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a health insurance policy with Star health from last 11 years and it is a very good insurance policy to use. I pay a premium of Rs 500 every month for this health insurance. My claim experience was very good with this insurance and they covered 100%. I have not taken any cashless treatment and i am happy with the coverage of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2018
    • Bajaj Allianz Health Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken the health insurance from BAJAJ ALLIANZ GENERAL INSURANCE. The premium amount is 835 for 18 months. I have to renew the policy after 18 months. Its a 2 lakhs policy. I have not done any claim with Bajaj. They provide cashless facility.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2018
    • New India Health Insurance
      "Good policy for Health"
      0.5 5.0/5 "Blown Away!"
      From NEW INDIA ASSURANCE i have taken a health insurance. The premium is 3000 for an year. They provide full coverage if we do claim.The claim experience was good.They provide cashless and reimbursement,facility. The customer service and response was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 20, 2018
    • United India Health Insurance
      "Good policy "
      0.5 3.5/5 "Pretty good"
      I have taken a health insurance from UNITED INDIA INSURANCE. The total policy coverage is 3 lakhs. The claim experience was good. Customer care number will be always not reachable. They have both cashless and reimbursement. They dont have any health checkup facility.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 20, 2018
    • HDFC Ergo Health Insurance
      "HDFC Ergo health insurance"
      0.5 4.0/5 "Great!"
      From HDFC ERGO GENERAL INSURANCE i have taken a health insurance. The premium is 800 for 1 year. They provide health check up vouchers for the whole family. They provide cashless facility. The customer service and response was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 20, 2018
    • Bajaj Allianz Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a health insurance with Bajaj Allianz from last 5 years and it is a good insurance policy to use. I am not aware of the premium amount as the company pays it. I do not have claim experience so far and i have not taken any cashless treatment. I have a coverage of Rs 4-5 lakhs which is satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 20, 2018
    • Star Health Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a health insurance with Star health from last 6-7 years and it is one of the good insurance policy to use. I pay a premium of Rs 1500 which has to be paid every month for this insurance. I do not have claim experience and i have not taken any cashless treatment. I have a coverage of Rs 1 lakh and i am satisfied with it.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 16, 2018
    • United India Health Insurance
      "Good"
      0.5 2.0/5 "Expected more"
      My company has offered me a corporate policy with United India. The reimbursement can be done only up to 80%. The policy was taken for the entire family. The customer service was good. The claim experience and cashless facilities was good. The policy coverage was 3L.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 15, 2018
    • Star Health Health Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I took my health insurance policy from Star Health by last year. The benefits are good on this policy. The customer service was good. I have paid around 60K for three policies. The policy was taken directly from the office. They have good networks of hospitals for the cashless treatment. The policy covers 15L for all 3 policies.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 15, 2018
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