The Cashless Everywhere initiative by the General Insurance Council and insurers like Bajaj Allianz aims to provide hassle-free access to quality healthcare at any hospital, reducing financial burdens and ensuring prompt medical assistance for policyholders.
The average ticket size of retail health insurance in India has increased by nearly 48 per cent over 6 years due to elevated medical inflation and increased demand for higher coverage policies among policyholders.
According to data by online insurance broker PolicyBazaar, the average ticket size of retail health insurance in India has increased to Rs 26,533 so far in FY24, up 48.22 per cent from Rs 17,900 in FY19.
On an alarming note, Bajaj Allianz CEO Tapan Singhel, who is also Chairman of the General Insurance Council, said the industry’s ‘Cashless Everywhere’ proposal has faced pockets of resistance from the hospital ecosystem.
CGHS rates may become standard if govt fails to act to combat disparity in public & pvt hospitals, says Supreme Court organiser.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from organiser.org Daily Mail and Mail on Sunday newspapers.
Herald: Standardise hospital treatment charges or CGHS rates will be enforced, Supreme Court tells Centre heraldgoa.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldgoa.in Daily Mail and Mail on Sunday newspapers.