Availing mediclaim policies can help one save money substantially.
Life is so unpredictable at times.
One minute everything is going exactly as planned and then out of the blue, your whole world crashes down. All it takes is a flick of a button and your world turns upside down. All of us have been through such times, especially when a medical emergency strikes out of nowhere.
And arranging funds on an immediate basis during medical emergencies can be a difficult task. Whether it is rushing to the ATMs or calling up friends and family in such a dire situation for financial help, can be immensely stressful. However, cashless mediclaim can come to the rescue. A mediclaim insurance policy can help you get treated at any hospital without breaking your head over it.
The expenses raised during the hospitalisation are directly paid by the insurance company to the hospital. Commenting on the benefit of cashless mediclaim, Anurag Rastogi, Member of Executive Management, HDFC ERGO General Insurance said, “Cashless mediclaim is designed to help reduce the financial burden on policyholder in case of a health emergency. Expenses incurred in the policyholder’s treatment is paid by the insurer directly to the hospital if the patient is admitted to a network hospital.”
Currently, two types of claim processes are available in the market – cashless and reimbursement. While under a cashless mediclaim bills are directly settled by the insurance company at a network hospital, in case of reimbursement policy, one needs to pay all the expenses oneself first and then the insurance company reimburses the same. In case of a reimbursement policy, “the insured has to pay all her medical bills and other costs involved in hospitalisation and treatment and then claim reimbursement. In order to avail reimbursement claim one has to provide necessary documents including original bills to the insurance provider,” said Prasun Sikdar, MD and CEO, Cigna TTK Health Insurance.
Diese Geschichte stammt aus der September 2019-Ausgabe von Outlook Money.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 2019-Ausgabe von Outlook Money.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms
5 Questions That Will Lead You To The Right Financial Planner
Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing-tax advisory, estate planning-as well as the fee structure. Here are five questions that will help you choose the right planner
Health Insurance Sub-Limits
Sub-limits in health insurance are restrictions placed by the insurance company on the SP maximum amount they will pay for specific expenses that are part of the total hospital bill.
Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success
The journey to financial success is continuous, requiring patience, education, and disciplined decision-making.
Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Mutual Funds for Financial Growth
Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.
Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line
Thematic funds target high-growth opportunities in various industries and economic sectors, allowing investors to participate in future-focused segments to generate long-term returns.
Wealth Creation Through SIP - The Slow & Steady Road to Success
For investors seeking to create long-term wealth, SIPS are a powerful tool that enables regular, disciplined investments to generate compounding returns.
Tuition Fee Varies Among Countries
I am 22 years old and have recently started working in a software company.