L&T Insurance partners with E-Meditek Global to launch a product called MediCash Card to facilitate instant cashless claim authorisation. The interface of the technology has been configured over Visa Prepaid Card under an exclusive alliance between Ratnakar Bank, Visa and E-Meditek Global. Designed to change the course of health insurance approvals with the option of payment to hospitals, MediCash Card is being touted as an innovative product which is expected to go a long way in ensuring quality healthcare and adding to customer convenience.
This platform reportedly provides instant cashless approval based on the eligibility. The procedure of using this card involves swiping the MediCash Card at the point of sale (POS) terminal, followed by filling of requisite information on the POS machine itself; and then a small wait to get a cashless authorisation slip. This is followed by a confirmation call to the customer. At the time of discharge, communication regarding the approved amount is shared through SMS and email, with the customer to enable immediate refund of security deposit by the hospital, informed a release.
Speaking at the launch, Joydeep Roy, CEO & Wholetime Director, L&T Insurance said, “The MediCash Card allows instant authorisation and on-the-spot payment, making the crucial period of wait almost negligible. So, help and health are only a swipe away.” He also informed that while the card at present is for corporate customers soon it would be available for individuals as well.
Gopal Verma, Chairman, E-Meditek Global said, “The card enables insurers to introduce the out patient insurance plans rather than just the hospitalisation insurance. This will pave the way for launch of genuine OPD or dental insurance plans in the country.”
EH News Bureau
- Advertisement -
