With the wide range of health insurance plans for family available with cashless hospitalisation in India, choosing the best policy can be a difficult task. By considering a few key factors, you can trickle down to the best cashless health insurance policy that will suit your requirements.
Previously, cashless health insurance in India was applicable only to the insurer’s empanelled or network of hospitals. However, with the recent GIC announcement, it is available across network and non-network hospitals in India.
Therefore, you can claim medical insurance for cashless hospitalisation at any hospital across India, provided you meet the policy conditions.
Best Family Health Insurance Plan with Cashless Hospitalisation – Key Factors to Consider
- Assess your family’s healthcare requirements – Consider the age of individual family members, their health condition, and the potential risks of developing a serious illness. Also, research the prevailing cost of medical treatments in your locality to determine the coverage and features required.
- Coverage and benefits offered – Check the coverage applicable to the cashless hospitalisation insurance. You can consider the scope of coverage for hospitalisation, pre-and post-hospitalisation, daycare procedures, modern treatments, AYUSH benefits, etc.
- Specific policy conditions – While cashless hospitalisation is available at authorised hospitals across India, it is subject to the insurer’s specific policy conditions. For instance, the insurer may have eligibility criteria that hospitals must meet to be applicable for the cashless benefit.
- Network of hospitals – Although cashless hospitalisation insurance is available at all authorised hospitals across India, the procedure is simpler at the insurer’s network of hospitals. Therefore, you can consider the number of network hospitals and the quality of treatments offered.
- Convenient and quick claim processes – Understand the ease of raising a claim and the time taken to settle the claims for cashless hospitalisation. Consider the steps for notifying the insurer, seeking pre-authorisation approval and submitting the medical reports and bills.
- Claim settlement ratio – Claim settlement ratio refers to the number of claims settled as against the number of claims registered. A high claim settlement ratio ensures a reliable experience for family health insurance plans. Some of the reliable insurance providers, like Reliance General Insurance, offer a high claim settlement ratio of 100%.
- Customer feedback and experience – Review customer feedback for the insurer’s family health insurance plans and the cashless hospitalisation insurance benefit. You can go through social media platforms or official online groups. Also, check the customer service support system to address your concerns.
- Premium – Consider all the essential factors and calculate the premium. Determine the best cashless mediclaim policy for your family that ideally suits your requirements and is affordable at the same time. Ensure adequate coverage and the best value for your money.
Wrapping Up
By considering some of the key features required for a family health insurance plan with cashless hospitalisation, you can determine the best product. Focus on your family’s specific needs, insurer’s policy conditions for cashless hospitalisation, network of hospitals, claim process, and premium to choose the best cashless mediclaim policy.
Research, compare and choose wisely for adequate coverage and the best cashless hospitalisation experience.
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