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Best Cashless Health Insurance Policies in India

Sometimes situations are beyond our control, and one of the conditions, in that case, is a medical emergency arising due to an accident. As healthcare costs in India are at their peak, in the case of hospitalization it would be difficult for some people to avail of quality treatment at a private hospital. 

Here’s when you can count on a cashless health insurance to help you cater to a medical emergency. Therefore, it is advisable to buy a health plan that offers cashless treatment as it helps you in case you lack funds at the time of hospitalization. 

How Does Cashless Hospitalization Work? 

Under a cashless hospitalization facility, the insured avails of the required medical treatment at a network hospital and the insurance company directly settles the bill with the hospital. However, you can only avail of the benefits of cashless treatment up to the sum insured limit chosen. 

Read on to discover the most popular cashless health insurance plans available in India.

Popular Cashless Health Insurance Plans In India 

In India, there are various health insurance plans that provide cashless treatment to the insured, some of which are listed below along with their coverage advantages.

Insurance Company

Insurance Policy

Coverage Benefits

Aditya Birla Health Insurance

Activ Assure Diamond

  • Receive cashless treatment at 10051+ hospitals
  • In-patient hospitalisation expenses
  • Daycare expenses
  • Air ambulance cover
  • Reload of sum insured
  • Pre-hospitalisation and post-hospitalisation cover

Care Health Insurance

Care

  • In-patient hospitalisation expenses
  • Pre-hospitalisation and post-hospitalisation expenses
  • Ambulance expenses
  • Daycare expenses

HDFC Ergo General Insurance

Optima Restore

  • Road ambulance or air ambulance expenses
  • Domiciliary expenses
  • Daycare expenses
  • Pre-hospitalisation and post-hospitalisation expenses

Bajaj Allianz Health Insurance

Health Guard Individual 

  • Daycare procedures
  • Maternity expenses
  • Organ donor expenses
  • Daily hospital cash benefit

Star Health Insurance

Family Health Optima 

  • In-patient hospitalisation expenses
  • Pre-hospitalisation and post-hospitalisation expenses
  • Daycare expenses
  • Ambulance expenses

Learn about these plans in detail and choose the most suitable one as per your requirement 

  • Activ Assure Diamond:  

Activ Assure Diamond Plan is an indemnity-based health plan introduced by Aditya Birla Health Insurance for helping you in safeguarding your family at the time of a medical emergency. You have the flexibility to buy this plan at the different sum insured options. Moreover, it offers many advantages and add-on covers that you can purchase with your standard insurance plan. 

  • Care By Care Health Insurance: 

Care health insurance Policy offers a variety of variations with sum insured options ranging from Rs. 3 lakh to Rs. 75 lakh, which the insured can select according to their needs. You can get this policy for a year, two years, or three years. By paying a small additional premium, you can add many additional benefits to this coverage. For instance, global coverage, daily allowance, everyday care, Covid care, international second opinion, etc.

  • Optima Restore By HDFC Ergo General Insurance:

HDFC Ergo Optima Restore Health Insurance Plan comes with three major benefits namely Restore, Multiplier, and Stay Active. With restore, you can add 100% of the sum insured if the sum insured gets exhausted fully or partially. Multiplier allows you to avail of 100% sum insured enhancement in case no claim has been made for 2 years, and the Stay Active benefit offers you a reward for an active lifestyle.

  • Health-Guard Individual By Bajaj Allianz Health Insurance: 

Bajaj Allianz Health Guard Individual Health Policy provides complete coverage for a variety of medical costs. The policy is available in a wide range of insured sum possibilities and has three variations, Silver, Gold, and Platinum, from which you can select depending on your needs. Apart from self, you can cover your family memes also if they are aged between 18 years and 65 years.

  • Family Health Optima by Star Health And Allied Insurance

Star Health Family Health Optima Insurance Plan is yet another well-liked family health insurance plan that provides cashless hospital care. The policy keeps you covered in case of medical emergency and offers a variety of sum insured options ranging from Rs. 3 Lakh to Rs. 25 Lakh. Anyone seeking reasonable prices and enough coverage for themselves and their families are advised to get this insurance.

Features of Cashless Health Insurance

The primary features of various health insurance policies can vary depending on the insurer.  However, listed below are some common features of cashless health insurance policies:

  • There is no requirement of paying anything at the network hospital.
  • Cover for major healthcare expenses such as in-patient hospitalization expenses including room rent, nursing, boarding expenses, pre-hospitalisation and post-hospitalisation expenses, daycare expenses, ambulance expenses, domiciliary hospitalization expenses, organ donor expenses, etc. is offered.
  • No Claim Bonus is offered.
  • The benefit of hospital daily cash is offered.
  • Provide complimentary one-time medical check-ups and diagnostic tests. 

Types Of Cashless Health Insurance Plans In India

Following are the types of cashless health insurance plans available in India. 

  • Cashless Family Health Insurance:

An individual can use this plan to get everyone in his or her family insured under one insurance. The term "Members" refers to the individuals covered by the policyholder under a cashless health insurance plan.A single sum insured is shared between all the members covered under family health insurance plans.

  • Cashless Individual Health Insurance: 

This plan provides cashless claims to a single indiviudal policyholder for any healthcare and hospitalization expenses, as well as other benefits based on the terms and conditions of the insurance plan.

  • Cashless Health Insurance For Senior Citizens:

Policies developed exclusively for senior citizens provide coverage for cashless claims such as hospitalization expenditures, ambulance charges, hospitalization expenses, and so on.

Benefits Of Cashless Health Insurance

Choosing a cashless health insurance policy is one of the smartest moves you can do. Here are some of the main reasons why you should get it. 

  • You will be able to save a considerable amount of time that would otherwise be wasted on making arrangements for hospital bills if you have cashless health insurance coverage. By selecting a cashless policy, you will be able to start the required treatments by just giving the hospital staff your cashless health insurance policy card.
  • Your cashless health insurance policy will be a source of relief for you as you no more will have to worry about arranging funds. On the contrary, you will be able to focus more on the treatment as well as the recovery.
  • When you get a cashless health insurance policy, you will receive substantial coverage. Cashless insurance, in general, provides full coverage. Certain cashless health insurance plans even offer health check-ups and diagnostic tests at regular intervals. Overall, you will gain more in the same amount.
  • Have you ever considered that the uncertainties of a new location can hinder you from receiving the proper treatment, particularly in the case of a medical emergency while traveling? Having cashless coverage on your side will allow you to receive the finest medical care at a network hospital without having to worry about finding a decent hospital or organizing finances for medical bills.
  • Yet another key benefit of buying cashless policies is that premium payments made towards cashless plans are eligible for tax benefits under Section 80D of the Income Tax Act 1961. Up to Rs.25,000 for people less than 60 years of age. For senior citizens, the tax benefits are up to Rs.50,000.

Things to Keep in Mind While Buying Cashless Health Insurance Policies

Every policy buyer should keep a few things in mind before purchasing cashless health insurance coverage. The list includes:

  • On choosing a cashless health insurance policy, you will have to stick to a network hospital (from the list of network hospitals of your insurance company) for availing of treatment. Only by choosing a network hospital for treatment, you will be able to avail the cashless facility. In order to avail of cashless treatment, you will be required to visit the chosen network hospital of your insurance company and show your health insurance card.
  • Fill out the pre-authorization form Numerous expenses such as oxygen masks, nebulizers, and others including documentation and services charges may not be covered under the cashless policy as these are consumables for which the insurance company does not provide any coverage. 
  • In case, your sum insured amount gets exhausted, you will have to pay for the remaining expenses from your own pocket. 
  • Reading the health insurance policy documents carefully is essential to ensure you understand the terms and conditions and are making the appropriate purchase.

Now that you know what to look for when buying a cashless health insurance policy, it is time to understand its buying process at InsuranceDekho.

How to Purchase Cashless Health Insurance Plans at InsuranceDekho?

When it comes to purchasing health insurance coverage online, InsuranceDekho makes the process simple. You can purchase a plan either online or offline. To purchase the policy online with InsuranceDekho, follow the steps outlined below:

  • Visit InsuranceDekho. Then click on the Health tab. 
  • Select your age, and provide other details such as gender, name, mobile number. You will receive a One Time Password (OTP) on the same number. Kindly enter that.
  • Tell us when you want to buy the policy and then click on ‘View Quotes’. 
  • Select the family members you wish to add to your health insurance policy and then click on ‘Continue’.   
  • Provide the age of the selected family members.
  • Tell us your Email ID and City and then click on ‘Submit and View Quotes’. There will be several cashless health insurance plans displayed on your screen, from which you can choose the most suitable one as per your budget. 
  • Select the policy term of the selected policy and enter the details to pay the required premium online. 

We at InsuranceDekho also offer cashless health insurance policies. All you have to do is call InsuranceDekho's customer service team at 7551-196-989 and explain your expectations from the plan. We will not only assist you in purchasing a policy but will also recommend the finest plan for you. If you have any more questions, please email us at customersupport@insurancedekho.com.

Also Read: 

6 Reasons Why You Should Buy Health Insurance

Reasons Why Buying a Health Insurance in Your 20s is a Good Idea

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Disclaimer : Actual Coverage might vary basis your location, age and number of members

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