CASHLESS NETWORK

All health insurance policies have a life-long renewal clause which the regulator has mandated. They cannot be rejected and your pricing cannot go up purely because you have a condition right now. So, certain benefits are inbuilt and benefits that t...

Political parties should be emulating those marketers who have already cracked New India. To narrow-cast our population as a fundamental oneness, courtesy technology and aspiration. Then to engage experientially, with customer-centric regional empat...

The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.

The 'Cashless Everywhere' initiative by the General Insurance Council and insurers like Bajaj Allianz aims to provide hassle-free access to quality healthcare at any hospital, reducing financial burdens and ensuring prompt medical assistance for pol...

On paper, cashless everywhere is a great initiative as it aims to reduce out-of-pocket expenses of policyholders for medical treatments. However, health insurance policyholders need to keep a couple of things in mind before opting for a cashless eve...

Till now, a health insurance policyholder can get cashless treatment only at network hospitals with whom the insurance company has tied up. If it is a non-network hospital, the policyholder has to pay the entire amount from his pocket and then go th...

The General Insurance Council has introduced an initiative, 'Cashless Everywhere', to facilitate cashless hospitalization for policyholders even in non-empanelled hospitals. Hospitals with 15 beds, registered under the Clinical Establishment Act, ca...

Till now, a health insurance policyholder can avail of cashless treatment only at network hospitals with whom the insurance company has tied up. Each insurance company has an independent network of medical service providers that they have a tie-up w...

IRDAI is planning to introduce two new features in the health insurance policy — a common network for hospitals for all health insurance policies issued by any health insurance or general insurance company across the country and a 100% cashless sett...

India saw over 10 billion cashless transactions in August, with most of them being online and cost-free. However, customers using mobile-phone wallets to pay bills over 2,000 rupees are subject to a 1.1% fee. Despite concerns about the lack of profi...

Having a comprehensive bike insurance policy with cashless claim benefits is important to protect your two-wheeler from potential risks on the road. Cashless claims allow you to get repairs done at authorized network garages without any upfront paym...

A survey has revealed that only about 0.2% Indians had made and received a health insurance reimbursement claim above Rs 10 lakh during April 2022-March 2023.

Also, where microfinance is extended to women in the rural system i.e. finance is provided without the collateral, women are coming to the forefront and running their family businesses or the businesses that are run on their own. So, as against the ...

Most policyholders buy a health insurance cover primarily for the wider cashless claim facility. Expanding the scope of the most sought-after feature of the health insurance policy will increase its attractiveness.

Earlier, only those network providers which were registered in the Hospital Registry ROHINI maintained by Insurance Information Bureau (IIB) could be empanelled by the insurers.

According to the PhonePe-BCG study, UPI has supercharged India’s transition to non-cash payments, especially in person-to-person (P2P) fund transfers and low-value merchant (P2M) payments.

The Reserve Bank of India (RBI) suggested allowing interoperability in cardless cash withdrawal operations at all banks and ATMs utilising the UPI feature at its monetary policy meeting on April 8, 2022.

Union finance minister Nirmala Sitharaman too tweeted about this on Thursday evening saying: “Reports are being received of some hospitals denying cashless insurance. Spoken to chairman, Irdai SC Khuntia to act immediately. In March’20 Covid include...

"Reports are being received of some hospitals denying cashless insurance. Spoken to Chairman, IRDAI Shri SC Khuntia to act immediately. In March'20 #Covid included as a part of comprehensive health insurance. Cashless available at networked or even ...