Overview Health insurance claim settlement can be done in two ways—cashless and reimbursement. Both serve the same purpose of covering your medical expenses, but the process and convenience differ: ✅ Cashless Claim Settlement In this method, the insurer directly settles the hospital bill with the network hospital. The insured doesn’t need to pay upfront (except […]
Articles Tagged: family health insurance
General insurers’ claim ratios improve
Published in ETMarkets on 1st March 2019. General insurers improved their record at claims management in government sponsored and corporate group health segments in 2017-18, but the wide gap between incurred claims ratios — claims against premium earned — of individual and group segments persists. Thanks to better pricing and lower competition, general and standalone […]
AYUSH benefit in individual health insurance plans
In its health regulation, 2013, the Insurance Regulatory and Development Authority of India (IRDAI) asked individual health insurance companies to include AYUSH in their policies. (AYUSH stands for Ayurveda, yoga & naturopathy, Unani, Siddha, and homeopathy.) What this means is that insurance providers will reimburse medical expenses incurred on in-patient treatment under homeopathy, Ayurveda, Siddha, […]