Cashless facility definition

Cashless facility means a facility extended by the insurer to the insured where the payments, of the costs of treatment undergone by the insured in accordance with the policy terms and conditions, are directly made to the network provider by the insurer to the extent pre-authorization approved.
Cashless facility means a facility extended by the Insurer to the Insured where the payments, of the costs of treatment undergone by the Insured in accordance with the Policy terms and conditions, are directly made to the network provider by the Insurer to the extent pre-authorization approved.
Cashless facility means a facility provided to the insured by the insurance company, to make payments of treatment costs directly to the hospital in respect of treatment undergone in a network provider, to the extent of approval given where such treatment is in accordance with the policy terms and conditions.

Examples of Cashless facility in a sentence

  • Please note that Cashless facility shall be provided only if the hospital is in IFFCO-TOKIO’s Network at the time of admission.


More Definitions of Cashless facility

Cashless facility means a facility extended by the Insurance Company (insurer) to the Beneficiary (insured) where the payments, of the costs of treatment undergone by the Beneficiary (insured) in accordance with the Guidelines (policy terms and conditions), are directly made to the Network Hospital by the Insurance Company (insurer).
Cashless facility. Cashless Facility means a facility extended by the insurer to You where the payments, of the costs of treatment undergone byYou in accordance with the policy terms and conditions, are directly made to the network provider by the insurer to the extend pre authorization approved.
Cashless facility means the TPA may authorize upon the Insuredsrequest for direct settlement of admissible claim as per agreed charges between Net work Hospitals & the TPA. In such cases the TPA will directly settle all eligible amounts with the Net work Hospitals and the Insured Person may not have to pay any bills after the end of the treatment at Hospital to the extent the claim is covered under the policy.
Cashless facility. Means a facility extended by the Company to the Insured/Insured Person(s), as the case may be, where the payments, of the costs of treatment undergone by the Insured/Insured Person(s), as the case may be, in accordance with the Policy Schedule read with standard Terms and Conditions, are directly made to the network provider by the Company to the extent pre-authorization approved subject to Limitation of Benefits.
Cashless facility means a facility extended by the insurer to the insured where the payments, of the costs of treatment undergone by the insured in accordance with the policy terms and conditions, are directly made to the network provider by the insurer to the extent pre-authorization approved “Co-payment” means cost sharing arrangement under this Health Insurance policy that requires the Policyholder to bear a specified percentage of the admissible costs. A co -payment is applicable on a claim and does not impact the sum Insured.
Cashless facility means facility whereby the TPA agrees, on the insured’s request, to settle the admissible claim directly to the network hospital. Any expense in excess of the admissible claim amount will, however, be borne by the insured himself.