What are the various methods of claim settlement in a Health Insurance policy ?

There are two ways you can claim your insurance coverage:
• Cashless settlement: Every insurance company has tie-ups with hospitals where in if you seek treatment, the insurance company settles your hospitalization expenses directly without involving you.
• Reimbursement: This is a traditional way of making a claim on your health policy. Once you get treated in any hospital, you can pay for the expenses through your own pocket and then raise the claim for reimbursement from the insurance company. This process is more hectic.

Note: In both the cases, you are required to inform the insurance company for claim registration.