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  • 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 49 1 2 3 4 5
    • Religare Health Insurance
      "Necessary policy for all family"
      0.5 4.0/5 "Great!"
      I have no claim experience with Religare health insurance policy. I have purchased the policy 1 month before. They have offered me a coverage value of 5 lakhs. I have taken the policy for my family. I have no idea about the list of hospital. They are providing the cashless facility. I pay the premium of Rs. 11700.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 16, 2018
    • Cigna TTK Health Insurance
      "Average"
      0.5 4.0/5 "Great!"
      I have chosen Health insurance with Cigna TTK. They provided me a cashless facility and reimbursement for my doctor bills. I have taken the policy for my entire family. I pay yearly 10K as a premium through ECS. The claim experience is excellent and the reimbursement was immediate. The policy coverage for me is 5L and rest of family members is 3L. They have more network of hospitals but they pay more attention on the medical bills.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 15, 2018
    • HDFC Ergo Health Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I already a health insurance with HDFC Ergo. I am satisfied with the benefits. The policy coverage is one year. It covers only minor disease. There is no claim experience. They provide a good network of hospitals for the cashless treatment. I don't get any reminder call for the policy renewal.
      Was this review helpful? 0
      , panipat
      Reviewed on Nov 13, 2018
    • Cigna TTK Health Insurance
      "Good"
      0.5 4.0/5 "Great!"
      Previously I had a health insurance with Cigna TTK and now moved to new insurer. They provide a cashless treatment in good hospitalization. I have not gone for claim process. The medical coverage is good and don't know about the cashless. I paid around Rs.5500 for a one year.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 12, 2018
    • National Insurance Health Insurance
      "Very easy to get a claim"
      0.5 4.0/5 "Great!"
      My employer has provided me a health insurance with National Insurance. They have given the health insurance policy for my family also. I have got the coverage amount of Rs. 29 lakhs and the chained hospitals list was good. In ten days, i have got my claim settlement. They are providing a cashless treatment facility.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 12, 2018
    • ICICI Lombard Health Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health insurance from Icici Lombard insurance for my parents . Am satisfied with the premium amount which is quiet good. I make the payment yearly, but it has the benefits of cashless hospitalization and pre disease coverage . Am satisfied with their service and response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2018
    • Cigna TTK Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I got health insurance from Cigna TTK insurance through my company , The premium amount is been paid through my company . This policy covers Cashless hospitalization. Pre diseases coverage . Overall am satisfied with policy coverage and policy benefits .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 10, 2018
    • HDFC Ergo Health Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken health insurance form Hdfc ergo .Am satisfied with the premium amount which am making the payment yearly . Their customer representative explained the benefits and features of the policy . They have given the list of network hospitals and health card also. This policy covers cashless hospitalization and pre disease coverage . I make the payment through net banking .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 02, 2018
    • United India Health Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken health insurance from UNITED INSURANCE . Am satisfied with the premium amount which am making the payment . This policy covers cashless hospitalization . They have given the network list of hospital . Overall am satisfied with the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 01, 2018
    • Apollo Munich Health Insurance
      "Very Good services"
      0.5 5.0/5 "Blown Away!"
      I have been renewing the health insurance policy with Apollo Munich for last 5 years. I pay the premium amount of Rs. 11000 and my entire family has been covered in this policy. They are providing the coverage value of Rs. 3 lakhs. When i met an accident, they have given me a claim amount of Rs. 1.45 lakhs. I have availed the cashless treatment for claim. Very Good hospitals are covered in this policy
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 01, 2018
    • HDFC Ergo Health Insurance
      "Good policy"
      0.5 4.5/5 "Excellent!"
      I took health insurance from Hdfc ergo general insurance . I have choose this insurance mainly because of convincing premium with too many benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 01, 2018
    • ICICI Lombard Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken Health insurance Icici Lombard insurance . Am satisfied with the premium amount which am making . This policy covers Cashless hospitalization and pre disease coverage , This is yearly coverage policy where is i have to make the payment annually . They have given the list of network of hospitals. Their customer representative explained the policy very well.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 26, 2018
    • review Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have purchased a Health Insurance in Aditya Birla and it was better than Bajaj. I have paid near about 7500 rupees for 2 years. The cashless hospitalization is available as like others. The medical coverage is 10L . I am eligible for all the criteria. I never had claim experience.
      Was this review helpful? 3
      , pune
      Reviewed on Oct 24, 2018
    • New India Health Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      It is the corporate health insurance policy that i am holding it from NEW INDIA ASSURANCE. I had a claim experience with this policy which is cashless where the service is very good. It gives the coverage for the family also the medical coverage is good.
      Was this review helpful? 1
      , faridabad
      Reviewed on Oct 24, 2018
    • Bajaj Allianz Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I took health insurance from Bajaj Allianz Am satisfied with the premium amount which am making the payment , i don't have claim experience . But this policy hold benefits of cashless hospitalization and network of hospital with coverage of Rs 3 lakhs Their customer explained the policy very well.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 15, 2018
    • HDFC Ergo Health Insurance
      "Best policy"
      0.5 4.5/5 "Excellent!"
      I have a health insurance with HDFC ERGO from last 5 years, i am not aware of the premium amount as my company pays it. My claim experience was very good and it was a cashless treatment. The coverage value of this insurance is Rs 2 lacs.
      Was this review helpful? 1
      , kochi
      Reviewed on Oct 11, 2018
    • Universal Sompo Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      Got my health insurance from UNIVERSAL SOMPO GENERAL INSURANCE. It has the best plan with cashless treatment and pre disease coverage . It has medical coverage of one year of 2 laks . It has good premium amount with best policy coverage . I annually pay the payment through on-line banking .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 11, 2018
    • Star Health Health Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      My health is insured with STAR health from last 1 year, a premium of Rs 11500 has to be paid for this insurance policy every year. Lots of hospitals are listed in this insurance. There is a cashless treatment facility in this insurance. The coverage value is Rs 5 lacs and i have no claim experience so far.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Oct 11, 2018
    • ICICI Lombard Health Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a health insurance policy with ICICI Lombard from last 8 years, i am happy with the coverage value of this insurance policy. I pay a premium of Rs 16000 once in 2 years. My claim experience was good and they covered 90%, it was a cashless treatment.The coverage value is Rs 7 lacs for this insurance.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 09, 2018
    • HDFC Ergo Health Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have choose this health insurance from Hdfc ergo mainly because of convincing premium benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service, Am making the payment through online
      Was this review helpful? 0
      , thane
      Reviewed on Oct 09, 2018
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