L&T GI launches MediCash Card for cashless claim verification

MUMBAI: Private general insurer L&T General Insurance today launched a card to facilitate instant cashless claim authorisation under the brand name MediCash Card.

The card is launched in association with E-Meditek Global and help reduce the authorisation time significantly.

"The MediCash card allows instant authorisation and on- the-spot payment, making the crucial period of wait almost negligible," L&T Insurance Chief Executive & Whole-Time Director Joydeep Roy told reporters here.

"This card will significantly reduce the time required to get cashless approval compared to the existing approval models," Roy said.

The new facility will be available for corporate group health customers as of now and will be rolled out for retail customers in future, he added.

According to the company, share of health insurance was around 21 per cent in L&T General Insuarance's gross written premium of Rs 182 crore reported for last fiscal.