• Cashless Health Insurance

     4.0 / 5.0   by 4611 users
    Used this product? Write a review >>

    Overview of Cashless Health Insurance:

    To understand cashless health insurance an understanding of health insurance in general is necessary. Health insurance is an instrument that can be used to ensure that, in case of a medical emergency, policyholders are able to provide their families with the best medical help possible. There are times when this medical help might be too expensive for some people and that is where a health insurance policy steps in to help pay the bills. The cashless mediclaim policy is a type of insurance where policyholders can be hospitalised, get the relevant treatment and be discharged without having to pay anything from their pockets.

    Key Features:

    The features of any cashless policy will depend on the insurer who provides the insurance but some of the most common features are:

    • Pre & Post Hospitalization Medical Expenses
    • In-patient Care
    • No-claim bonus
    • Complementary health check up
    • Daily cash benefits
    • Cover for ambulance charges
    • Cover for domiciliary treatment
    • Cover for critical illnesses like cancer, heart attack, stroke, etc.
    • Tax benefits
    • Free-look periods

    Understanding Cashless Hospitalization:

    1. What is cashless hospitalisation?

    2. What is meant by cashless hospitalisation is that when you get admitted in the hospital for treatment, for an illness covered by your health insurance policy, you don’t have to pay for the treatment from your own pocket.

    3. How does cashless hospitalisation work?

    4. Health insurance providers enter into agreements with various hospitals which state that patients holding cashless mediclaim policies won’t have to pay the hospital for treatment. The charges will be paid directly to the hospital by the insurer.

      Cashless-Health-Insurance
    5. Is there anything that the policy will not pay for?

    6. These policies generally cover only the expense of the treatment. This could include cost of medicines, medical procedures, fee for anaesthesiologist and surgeons, ambulances, rooms, etc. They will not cover expenses that are non-medical in nature. Most insurers provide lists of items that the policy won’t pay for and should be consulted by policyholder. The list could include items like tissue paper, air conditioning, television, etc.

    7. Why is it important to take cashless health insurance?

    8. If you were to need hospitalisation for something and did not have enough money to pay for the treatment, or even a part of the treatment, your options for proper medical care would be severely limited. With cashless health insurance you can be assured of the best possible treatment even if you don’t have the money to pay for it.

    9. Is it different from other policies like family floater, individual, etc.?

    10. No, a cashless policy is essentially the same as an individual policy or a family floater policy. It will even provide the same benefits as them and have the same exclusions. The best way to describe it would be to say that the cashless part of a health insurance policy is actually a benefit or a feature rather than a type of policy.

    11. How is it different from co-pay?

    12. In co-pay policies, policyholders and insurance providers share the hospital expenses. A certain percentage of the medical bills are paid by the policyholder while the remainder, the lion’s share, is paid by the insurance company.

    13. How is it different from reimbursement?

    14. If you go for treatment to a hospital that is not a part of the network hospitals, you need to make the payments from your pocket and then submit the bills to get a reimbursement from the insurer. In a cashless policy, the payment is made directly by the insurance company if treatment is done in a network hospital.

    15. What is the tenure of the cashless health insurance policy?

    16. Cashless health insurance policies, like most health insurance products, come with a standard tenure of 1 year. They need to be renewed every year. Some insurers, however, do offer tenures of 2 years at a time.

    17. How long can I renew the policy for?

    18. Most cashless mediclaim policies can be renewed throughout the lifetime of the policyholders.

    19. What if I fail to renew the policy in time?

    20. In case you fail to make the payment for the policy by the due date, you will be given a grace period of 15 days. However, it must be noted that in most cases, insurance policies are not active during the grace period.

    21. Is this type of a policy transferable?

    22. Yes, these health insurance policies can be transferred from one insurer to another.More on health insurance portability

    23. Do these policies cover pre-existing illnesses?

    24. Yes some insurers may offer cashless policies for pre-existing conditions however, this facility may be subject to conditions set forth by the insurer.

    Advantages of Cashless Health Insurance:

    Cashless health insurance policies offer policyholders a wealth of benefits like:

    • With this policy in effect, policyholders don’t have to have ready cash to cover medical expenses.
    • Some cashless health insurance policies will be valid outside India as well. This is more of a feature and will depend on the insurer.
    • It will provide for tax benefits under section 80D of the Income Tax Act 1961. The limits defined are Rs. 20,000 per year for senior citizens and Rs. 15,000 for all others.
    • Some of the insurers will also provide policyholders free medical check-ups at regular intervals.

    Who should buy Cashless Medical Insurance?

    Just the convenience of cashless insurance is enough to convince anyone of buying this policy but those that could benefit the most from these policies are self-employed individuals where there is no regular income coming in. For such people a cashless policy could make a lot of difference in case of an emergency. The same can be said for individuals who cannot afford the cost of expensive medical treatments. A cashless policy could also be of great help if the person plans on traveling abroad as some companies offer health insurance cover outside India too.

    Exclusions:

    While health insurance plans do offer to cover most of the medical emergencies and conditions, the cover is subject to exclusions. These exclusion are of two types, temporary and permanent. Temporary exclusions are expenses that the policy won’t cover for a period defined by the insurers while permanent exclusions are expenses that the policy will never cover. These things could be:

    • Pre-existing illnesses
    • Congenital disease
    • HIV/AIDS
    • Non-medical expenses
    • Injuries or ailments acquired in the course of conducting illegal activities
    • Routine medical exams
    • Dental procedures
    • Joint replacements unless it is necessitated by an accident
    • Experimental treatments
    • Injuries or medical conditions caused by terrorist acts or wars

    An Example:

    Consider 2 people, Divya and Parul. Each of them is married and covered by a substantial health insurance plan. The cover provided by their health insurance plans too is the same, and covers the same medical treatments. The only difference is that Divya has a co-pay family floater plan and Parul has a cashless family floater plan. It so happens that they need to be hospitalised for the same illness. Each one of them gets admitted and receives the same medical treatment, which costs the same at both hospitals, but when the time comes to be discharged Divya’s bill is considerably higher than Parul’s. How could this be?

    The difference in the bills cropped up because Divya’s co-pay policy only paid part of the medical expenses. The remainder was to be paid by her along with the bill for the sundry expenses which means that Divya now has to dip into her savings to pay the bills. On the other hand Parul’s cashless policy paid for the entire treatment and all she had to pay for was sundries that were not covered by the policy.

    This is but one example where a cashless policy makes the most sense.

    Top Health Insurance Policies with Cashless Hospitalization:

    1. Max Bupa Health Insurance:

      Max Bupa Health Companion Health Companion:

      • It is a comprehensive family floater health insurance plan
      • Offers cover for hospitalisation, hospital accommodation, pre and post hospitalisation medical expenses and day care treatments
      • Offers cashless facility at your nearest network hospital
      • Direct claim settlement
      • Offers tax benefits

      Max Bupa Heartbeat Heartbeat:

      • Designed especially for the Indian joint family
      • Offers cover for up to 14 relationships with individual and floater sum assured
      • Cashless approval within 4 hours
      • Assured policy renewal for life
      • Offers a wide range of hospital cover including maternity facility, newborn care, vaccination cover and much more
    2. Apollo Munich Health Insurance:

      Apollo Munich Optima Restore Optima Restore:

      • Offers a wide range of cover
      • Offers restore benefit
      • Offers everyday cash for shared accommodation
      • Comes with tax benefits under section 80C of the Income Tax Act
      • Multiplier benefit

      Apollo Munich Easy Health Easy Health:

      • Offers a comprehensive cover
      • Offers cover on individual sum basis with an add on optional cover for critical illness
      • Offers daily cash for shared accommodation
      • Provides recovery benefit
      • Offers cashless service for planned admission

      Apollo Munich Optima Cash Optima Cash:

      • Optima Cash by Apollo Munich is a top up health insurance plan
      • Offers a vast cover including day care, convalescence benefit and parent’s hospitalisation and much more
      • Sum insured enhancement
      • Offers cashless service facility to ensure the policyholder doesn’t have to worry for cash at the time of a medical emergency

      Apollo Munich Optima Vital Optima Vital:

      • It is a unique critical illness health insurance policy
      • Offers cover for critical illnesses and other conditions
      • Offers sum insured enhancement
      • Offers portability
      • Provides cashless service

      Apollo Munich Optima Super Optima Super:

      • It is a top up health insurance plan
      • Offers waiver of deductible benefit on the plan
      • Cashless service with pre authorization
      • Offers portability
      • Offers tax benefits
      • Offers value added service like health risk assessment
    3. Reliance Health Insurance:

      Reliance Health Gain Plan:

      • It is a general health insurance policy offered by Reliance
      • Provides different plans including family floater plan and individual plan
      • Cashless hospitalisation in over 4000 plus network hospitals
      • Lifelong renewal of the health insurance policy
      • Quick and hassle free claim settlements

      Reliance Health Wise Policy Health Wise:

      • Health insurance policy with a comprehensive cover
      • Provides cashless hospitalisation
      • Reinstatement of base sum insured
      • Offers a variety of options to choose from
      • Easy medical claim settlements
    4. ICICI Lombard Health Insurance:

      ICICI Lombard Health Care Plus Health Care Plus:

      • Individual health insurance cover for each member of the family
      • Flexible sum insured
      • Flexible deductibles
      • Offers cashless facility
      • Long term cover
    5. Religare Health Insurance:

      Religare Health Care:

      • Health insurance policy with comprehensive coverage
      • Speedy claim settlement
      • Cashless treatment at 4600+ hospitals & Daily allowance
      • Auto recharge of policy sum insured if it has exhausted
      • Lifetime renewability

      Religare Health Joy:

      • Offers a wide cover including new born cover
      • A combination of hospitalization and maternity insurance
      • 100% increase of sum insured with no claim bonanza
      • Cashless treatment at 4600+ hospitals
      • Waiting period of 24 hours for maternity claims

      Religare Health Enhance Enhance:

      • It is a top up health insurance policy
      • Cashless treatment available
      • No paperwork required
      • Lifetime renewability
      • Health check-ups for insured members every year
    6. New India Assurance Health Insurance:

      New India Floater Mediclaim Policy

      • It is a health insurance policy offering a wide cover
      • Offers cashless benefit
      • Offers critical care benefit
      • Hassle free claim process

      New India Asha Kiran Policy

      • Offers health insurance cover for the family
      • Offers cashless benefit
      • Critical illness benefit
      • Hospitalisation necessary to get a claim

      New India Senior Citizen Mediclaim Policy

      • Health Insurance policy designed especially for senior citizens
      • Pre acceptance health check up
      • Offers a wide health insurance cover
      • Provides cashless hospitalisation
      • Hassle free claim process
    7. Future Generali Health Insurance:

      Future Generali Health Suraksha- Individual Plan

      • It is an individual health insurance policy
      • Pre acceptance medical tests up to 40 years
      • Offers additional accidental hospitalisation
      • Provides cashless hospitalisation
      • 30 days renewal policy

      Future Generali Health Suraksha- Family Floater

      • It is a family floater health insurance policy
      • Offers portability
      • Free health check up
      • Offers cover for a wide range of medical conditions
      • Quality health insurance at a low premium

      Future Criticare Policy

      • It is a critical illness health insurance cover
      • The policy will pay a lump sum benefit on the diagnosis of specified critical illness
      • Offers cashless service at network hospitals
      • Offers tax benefits under section 80C of Income Tax Act
      • Hassle free and easy claim process

    Why Buy Online:

    With the busy schedule that most people maintain, these days, it is very difficult to sit and talk to an insurance agent, just to understand which health insurance policy is the best. With BankBazaar.com not only is this process simplified but it also offers much more flexibility. Instead of sitting with someone and talking about various plans, all you have to do is enter your basic information and we will provide you with a choice of plans, from different insurers, which suit you the most. You can even apply for these plans using the BankBazaar website.

    News About Cashless Health Insurance

    • Rajasthan Government to launch a new Cashless Health Insurance scheme

      The Government of Rajasthan today declared its plan to launch a cashless health insurance plan. The plan is designed to include more than 1 crore people starting from 13th December. To execute this plan of launching a new cashless health insurance scheme, the Rajasthan Government has signed a Memorandum of Understanding with the New India Insurance Company.

      The government has so far covered 67% of its people by creating health cards. Consumers having Bhamashah Yojna Card will also be able to enjoy the benefits of this new health insurance scheme. The e-health cards would be made ready by December 13th, 2015. As per this new scheme, a person would be able to enjoy the benefits provided under this scheme in 1700 select hospitals. The scheme would provide coverage up to Rs. 3 lakhs which is subject to pre and post hospitalization.

      25 November 2015

    • App from Remedinet Technologies for Cashless Settlement of Health Insurance Claims

      Remedinet Technologies launched two mobile apps that provide the status of cashless health insurance claims to patients and hospitals. The apps were launched on Windows 8.1, Android platforms and Microsoft Visual studio. Hospitals can download the Remedinet Hospital mobile app to access information regarding claims while the customers can download the Remedinet Consumer app to check the status of their claims. For the consumers, the application will act as a boon since it is easy to navigate and information can be accessed just by entering details such as name of the patient or reference number of the claim.

      13 May 2015

    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.

    Cashless Health Insurance Reviews

  • Page 1 of 50 1 2 3 4 5
    • ICICI Lombard Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a health insurance policy with ICICI lombard from last 2 years and it is a good insurance policy to use. My premium of this policy gets auto deducted from the salary account. My claim experience was not up to the mark. I have a coverage of Rs 1.5 lakhs for accident and Rs 1 lakh for health. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 23, 2018
    • ICICI Lombard Health Insurance
      "Got it with my Loan"
      0.5 4.0/5 "Great!"
      I have been paying Rs.4000 as an annual premium for this health insurance. They are offering me a coverage of Rs.1 Lakhs in it. I took it as an add on along with my Loan and felt the Insurance to be quite a good one to have. The overall experience with it has been good.
      Was this review helpful? 0
      , goa
      Reviewed on Feb 22, 2018
    • Oriental Insurance Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      Around 2 years ago , I have got the health insurance policy from the ORIENTAL INSURANCE. This policy covers 4 members in my family. This policy has the medical coverage amount up to 2 lakhs. The customer support service and the response is better with the ORIENTAL HEALTH INSURANCE POLICY.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • SBI General Health Insurance
      "Good policy to hold"
      0.5 3.0/5 "Satisfactory"
      I had my health insurance with SBI General Health Insurance. I had this health insurance 1.5 years ago but till now I do not had any claims so far with them and the coverage limit for this policy is 3 lakhs which covers me and my family members. Company paid half of the premium and I paid the remaining half.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 22, 2018
    • Royal Sundaram Health Insurance
      "Good Coverage"
      0.5 4.0/5 "Great!"
      I recently took a SBI credit card and along with it I got the additional optional option of taking this Insurance. I like the Insurance and decided to take 2 schemes from them. I have been paying Rs.6000 as an annual premium and the total coverage that I would be getting is Rs.6 Lakhs (i.e. 2 Rs.3 Lakhs coverages) for 4 people. I haven't received details about my second Insurance yet.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 22, 2018
    • National Insurance Health Insurance
      "Its good health coverage policy"
      0.5 5.0/5 "Blown Away!"
      National has good hospital facility, they are recommending high profile hospitals with cash less treatment. I make premium around Rs. 4500 per year. Its covers only for me. Medical sum assured Rs. 1.5 lakh, I hope they are providing pre existing disease as well.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 20, 2018
    • HDFC Ergo Health Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      My health insurance was offered by the company from HDFC Ergo. The policy coverage was around 3L for annually. They have a good networks of hospitalizations. The customer service was good. I got the insurance papers on time. It is a free policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • United India Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got the UNITED INDIA INSURANCE health insurance policy around 4 months ago. This policy covers 2 members in my family. I have got the medical coverage up to Rs,3,00,000 from this UNITED INDIA INSURANCE health insurance policy. I never got any claim experience with this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • Max Bupa Health Insurance
      "Good Protection for Health"
      0.5 4.0/5 "Great!"
      Max Bupa gives the medical cover around Rs. 2 lakhs its covers only for me. I paid around Rs. 2500 as premium amount for one year. They do have tie up with good hospital. I hope Max Bupa is providing tax benefits and no claim bonus on the health policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Religare Health Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      RBL gave me the Health insurance from Religare , without my knowledge they have charged me Rs. 3000 of premium, for the tenure of one year. Religare premium was converted into EMI. Religare gave me the medical cover around Rs. 1.5 lakh with cash less treatment facility and they got tie up around 1000 hospital in India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Star Health Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have paid Rs,8000 to get the health insurance policy from the STAR HEALTH & ALLIED INSURANCE company. This policy covers 3 members in my family and it gives the medical coverage of Rs,3,00,000 and I never had any claim experience so far and I have got this policy around 5 months ago.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 20, 2018
    • 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
    • Bajaj Allianz Health Insurance
      "Best insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health insurance with Bajaj allianz,the premium amount is not paid my me as its offered by the company.The policy coverage is six lakhs including the family members.This is covered mediclaim as well as health insurance.The policy was taken two years back and no claim experience.
      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
    • Star Health Health Insurance
      "Better"
      0.5 1.0/5 "Really Bad"
      I am having the health insurance policy with the Star health insurance company. Coverage value is around 3 lakh Rupees. I would like to say that the response is fine one for me with them and the customer service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 17, 2018
    • National Insurance Health Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the health insurance policy with the National Insurance company. I used to talk with them very often and the claim went in easy manner. Everything went in the good aspects with them till now.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 17, 2018
    • Religare Health Insurance
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      I have corporate insurance from Religare Health, I didn't check the benefits, I believe I got medical cover upto Rs. 3 lakhs for my entire family. I got Religare e card. If in case of any emergency if I admit more than 24 hours I can get the reimbursement. I would suggest to enable daily check on insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Bajaj Allianz Health Insurance
      "Good Insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Mediclaim plan with Bajaj. I have had a good claim experience with them. They gave the amount pretty easily. Even in case of my relatives experience Baja readily payed about Rs.75000 for the treatment. The number of network hospital in it are pretty good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • Religare Health Insurance
      "Bad Experience"
      0.5 1.0/5 "Really Bad"
      This is my first term with Religare Mediclaim plan. 7 months down my Insurance my Brother had an accident, and consequently they didn't cover me up during this time. I had to pay more than Rs.1 Lakhs for the treatment. I applied for it thrice and all the three times it got rejected, they said accidents aren't covered in this Insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 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
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.