A key advantage of health insurance is the benefit of cashless claim settlement when a policyholder is admitted to a hospital for treatment — whether it is planned or emergency-driven. Cashless treatment is generally allowed by insurers when admitted in their empanelled or network hospitals.
But late this January, the General Insurance Council rolled out a new initiative called ‘cashless anywhere’ that allowed insurers to settle claims even when treatment is taken in non-network hospitals.
When there is a large list of network hospitals provided by any insurer, will anyone prefer a non-network hospital? Consider a few situations. What if