Instant card based health claims are bagged with loads of gains

An effective initiative has been made toward health care reform in India. The card based on-the-spot cashless claim endorsement has helped to smooth out the overall process of health insurance, thereby benefitting the insurers; clients and hospitals.     

We are always been waiting for a reformation in health care system in India that is really effective and is put together for the benefits of common man. Very recently card- based claim has been brought in to the health insurance sector for instant cashless authorization. This is not only an effective step toward health care reform but also more number of people will go for health insurance due to the advantage of instantaneous cashless treatment.

Form where to get the card?

It will be provided by your insurer or insurance company. Many companies are gearing up to launch the card. L & T General Insurance has already brought in the product. It was launched by partnering with E-Meditek Global which gives Visa prepaid card and the fund transferring process to the hospital is backed by Ratnakar Bank. Currently, the system facilitates only group mediclaim policy holders like corporate clients. Soon it will be provided to individual customers.   

How does it work?

So far, only L & T General has introduced this card swapping system. At the point of sale terminals, the hospital authorities will swipe the card and send the code number for the required treatment and policy number to the insurer. The server will immediately respond whether the treatment is covered under the insurance plan or not; up to how much the holder can get free treatment etc.

The insurance plan holder will no longer have to worry about uncertainty as how long they have to wait for the claim authorization from the insurer which is to be deposited in the hospital.