Cashless mediclaim a relief during accidents

Some disasters cannot be averted. A sudden illness or medical emergency cannot be foreseen. Moreover , the seriousness of the accident could also lead to piling up of sky rocketing hospital bills and medicinal costs. At troubling times like these , one would have to keep in line their life savings and may also have to take further loans from family and friends leading to massive debts. However , a Mediclaim cashless policy would prevent such additional tensions during these already testing times.Before the advent of cashless medicliam , mediclaim policy holders would have to pay their bills to the hospital and then submit a form to the insurance company for reimbursement.However , with the introduction of cashless mediclaim , insurance companies now have connections with specific hospitals for direct payment of bill by the company according to the mediclaim policy.Thus , now an insured person could get hospitalized in a network hospital without having to worry about settling the bill then and there.Cashless mediclaim however , are not available in all hospitals. First , a health insurance company would check the facilities , reputation , services and rates of the hospital. Only if they are found satisfactory by the company standards do they make a contract with the hospital. Such hospitals are known as network hospitals. Such network hospitals may be checked in your health insurance company site online.Cashless services may be claimed if any of the following events take place:1) Emergencies: These are the type of cases which are sudden and they are no prerequisites to anticipating this type of hospitalization. In such cases , the patient/client is admitted as per hospital procedures. The time taken to process such cases is approximately 6 hours. 2) Planned visits: These types of cases can be pre-planned and anticipated. The time required for processing the insurance is also less.Life insurances have two categories:1) Whole life insurance: As long as one continues to pay the premiums regularly , the policy continues to accumulate the sum insurance for the life time. 2) Term life insurance: It is required to pay the premium only for a particular period of time. A coverage is decided and one has to pay the premium till the coverage is due. Whole life insurance policies provide a particular amount of provide a marginal profit and are hence more beneficial. They have many varied options on policies to choose from. Term life plans are a great way to secure the future of your family without having to go through the pains of high premiums. Companies for online term plans in India provide us with such benefits. In this type of a scheme , one could get online quotes for his or her suited term life plans and proceed to buy an amount of insurance for a certain period of time such as a monthly , quarterly or yearly basis. Online term life plans in India can also offer numerous financial benefits and also bring about added flexibility.With the rise in population and a simultaneous rise in economy , there is a major increase in demand for term insurances as online term life plans in India offer a much cheaper option compared to life insurance policies. Due to the growth in demand , there has also been a considerable deduction in premium. Due to this , there has been an aggressive promotion of term life policies by life insurance companies. Such term insurance policies are easily available online for buying and comparing on insurance comparison sites.

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