Best Cashless Health Insurance Policies in India

Published On Apr 12, 2019 5:30 AM By Sakshi Aggarwal

The first thing that you do in case of medical emergency or hospitalization is, most probably, rush to the nearest ATM for the withdrawal of money! This is because any type of delay in arranging cash leads to delayed treatment of the patient. To avoid such a situation, one must opt for the best from cashless health insurance policies available in the market. 

Cashless hospitalization lets the individuals, that is the policyholder against hospitalization expenses and other benefits, as per the terms and conditions of the policy. The facility of cashless claims eliminates running around for arranging fund at the time of medical emergency but is available only at the network hospitals. Hospitalization bills (up to the sum insured) are settled directly by the insurance company. Cashless claim services are of two types viz., planned claim and emergency claim.

Let us now talk about 5 Best Cashless Health Insurance Policies in India.  

1. Apollo Munich Optima Restore Health Insurance 

The best-selling health insurance plan of Apollo Munich, Optima Restore offers a wide range of coverage in both individual and family policies. Both the plans provide cashless treatment at the network hospitals, ambulance charges, and emergency air ambulance cover.

Some other common advantages of both the plans are-restore, stay active benefits, complete coverage for pre and post hospitalisation expenses, organ donor and domiciliary treatment and alternative treatment like Ayurveda. In addition to this, multiplier benefit is also available for convenience. 

2. ICICI Lombard Health Care Plus 

ICICI Lombard’s Health Care Plus is the second best health insurance policy that offers cashless treatment within 4 hours. For this plan, the enrollment age (of the senior most member) can be between 5 to 65 years of age and it can cover a maximum of two adults. The number of benefits that ICICI Lombard Health Care Plan provides to its policyholders is no less.

Wide range of network hospitals, flexible deductibles, flexible sum insured, individual cover for each member of the family, no co-payment, free health check-up for anyone insured member in the plan upon policy renewal and no sub-limits on room rent, hospitalisation expenses, diagnostic tests/doctors fees etc. are a few to mention. 

The eligibility conditions to purchase the plan are-

  • The enrollment age of the senior most member should be between 5-65 years.
  • A single policy covers a maximum of two adults.
  • The proposer should be of more than 18 years in age. 
  • The policy can be renewed until the maximum age of 70 years. 
  • An individual proposer above 56 years of age is required to undergo medical tests at the insurer’s diagnostic centres. 

You can purchase this policy at the best price from the official website of ICICI Lombard Health Insurance or from an insurance broker such as insurancedekho.com.  

3. Religare Health Care

The next best cashless health insurance plan is Religare's Care plan. A growing hospital network of more than 5,420 hospitals and more than 4.7 Lakh of claims service make the company a preferred one among them all. The minimum entry age for the plan is 91 days.

The plan offers you the USPs which you don’t get anywhere else. These are-annual health check-ups for all members covered under the policy, up to 150% No Claim Bonus with NCB Super, unique unlimited automatic recharge, care anywhere–global cover for 12 Critical Illnesses, etc.

Additionally, care is available with different riders, hence the ability to fit the needs of the policyholders. 

4. Max Bupa Health Companion 

Max Bupa has an extensive list of more than 3,500 network hospitals in India where the insured can avail cashless facilities on being hospitalised. Max Bupa’s Health Companion plan is cost-effective mediclaim plan that offers direct cashless claim settlement and a lot of benefits like-cover for pre and post-hospitalisation, hospitalisation charges including room rent charges without any capping of the charges, renewal benefit, refill benefit, vaccination in case of an animal bite, domiciliary treatment, etc.

The plan offers options in sum insured for 5 Lakh, 7.5 Lakh, 10 Lakh, and 12.5 Lakh. The default policy term for all plans is one year. You can choose a 2 year term as well and thereby avail a discount of 12.5% in the second year’s premium. 

5. Bajaj Allianz Health Insurance Plan for Family-Guard 

When it comes to covering your loved ones, Bajaj Allianz’s Health Insurance Plan for Family-Guard is the next best plan that provides cashless claims. The plan has sum insured options ranging from 1.5 Lakh up to Rs. 50 Lakh.

Some of the best features and benefits of the plan are-pre and post hospitalisation expenses incurred 60 days prior to and 90 days post hospitalisation is covered, access to the cashless facility at over 6,000 empanelled hospitals across India (subject to exclusions and conditions), ambulance charges subject to a limit of Rs. 20,000 in a policy year covered, sum insured reinstatement (for similar illness as well), covers expenses for all day care treatments, policy term option of 1, 2 and 3 years, lifelong renewal option and so on. 

But, the plan specifies zone wise premium rates. Policyholders paying Zone A premium rates can avail treatment all over India without any co-payment. Whereas the policyholders paying zone B premium rates and availing treatment in Zone A city will have to pay 20% co-payment on admissible claim amount. 

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Hopefully, the information given above will help you in the selection of best cashless health insurance policies. Notably, there could be more than one exclusion under a health insurance policy which is another factor one should consider before choosing one, apart from the cashless claim. For which, it is recommended check the policy wordings for more details. 

If planning to buy one, you can purchase the policy at the best price from the official website of these health insurance companies or from an insurance broker such as insurancedekho.com. In case of further queries for the selection of health insurance policies, write to us at-customersupport@insurancedekho.com or call us on the toll-free number 1800 1205 698.  

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