L & T GENERAL LAUNCHES PRE-PAID CARD FOR INSTANT CASHLESS CLAIM APPROVAL

In order to reduce cashless claim authorisation time in health insurance, private sector insurer L & T General Insurance Company in association with E-Meditek Global has launched a pre-paid card - MediCash Card. Visa and Ratnakar Bank are the other partners in this alliance.

 Sri Joydeep Roy, Chief Executive and Whole-Time Director of L&T Insurance Company said, “This card facilitates its customers to get instant approval and on-the-spot payment facilities, making the crucial period of wait almost negligible.” However, this card is currently available only to L & T Insurance's corporate customers, but will be extended to individual customers by the end of this year, Sri Roy added.

As per the insurer, share of health insurance was around 21% in L&T General Insurance Company's Gross Written Premium (GWP) of Rs 182 crore registered for last fiscal year. 
L &T General Insurance Company is a part of Larsen & Toubro Limited which is an Indian multinational conglomerate having business interests in financial services, information technology, construction, manufacturing goods and engineering.

Source: http://www.insuringindia.com/