Types of claim settlementsDid you know that there are two kinds of claim settlements; reimbursement and cashless settlement. Find out more about these.
Apnainsurance Research Bureau
14 Jan 2008
There are two types of claim settlements - reimbursement and cashless settlement.
Reimbursement claim settlement is when you settle hospital bills and subsequently make a claim with complete documentation.
Cashless claim settlement is when you intimate the insurance company or the Third Party Administrator (TPA) about your hospitalization requirement. The TPA then directs you to a network hospital and pays the expenses directly to the hospital. This payment is subject to deductibles and the sum insured, as specified in your insurance">travel insurance plan.
Delay/Cancellation or Missed Flight/Hijack Distress
Procedure to claim if passport is lost
Procedure to claim in case of personal liability
Procedure to claim in case of burglary
travel insurance">Procedure to claim medical expenses in travel insurance