Cashless Health Insurance – NIACL AO Mains Essay 2017

Health insurance is a type of insurance coverage that pays for the medical expense incurred by the

insured in case of medical emergency. But here the medical expenses has to be bear by the insured and later on he gets reimbursement from the insurance companies. But with the advent of time insurance companies come up with a new concept ‘’cashless health insurance’’.

Under this scheme the insured person gets all the medical treatment free of cost as all the expense of the hospital will be bear by the insurance company which is in its network and the person can fully concentrate on his/her health rather than arranging money for the cost of treatment.

This cashless scheme has several advantages; 

1. You need not worry for arranging the money required in your treatment and there won’t be any

cash shortages and you can have the best treatment available. 

2. Some companies even provide this cashless scheme abroad. 

3. One is eligible for tax benefits under section 80D of Income tax act 1961. 

4. Some insurer even provide this scheme for regular medical checkup.

So we can say that this scheme is very convenient and easy for anyone to avail and when we are heading towards cashless economy this scheme just add cherry on the cake. Convenience is enough in the present time to convince anyone and this policy can easily convince anyone to avail this as early as possible. 

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