07.04
Claim settlement is of two types, reimbursement and cashless settlement.
# In reimbursement claim settlement, the insured pays the bills and then files the claim, along with full documentation.
# In a cashless claim settlement, the insured informs the insurance carrier to make the payment, which could be for hospital bills, restoration charges, etc., depending upon the policy. The insurance carrier directly pays the bills of the policyholder.
# In reimbursement claim settlement, the insured pays the bills and then files the claim, along with full documentation.
# In a cashless claim settlement, the insured informs the insurance carrier to make the payment, which could be for hospital bills, restoration charges, etc., depending upon the policy. The insurance carrier directly pays the bills of the policyholder.
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