Reimbursement facility is a feature in health insurance policies that allows the policyholder to receive compensation for medical expenses incurred due to illness or injury.
Under this facility, the policyholder can avail of medical treatment at any hospital or healthcare provider of their choice and pay for the services themselves. Afterward, they can submit a claim to the insurance company for reimbursement of the expenses incurred. The insurance company will then evaluate the claim and reimburse the policyholder for the eligible expenses, subject to the terms and conditions of the policy.
The reimbursement facility is particularly useful for policyholders who prefer to seek treatment at a healthcare provider of their choice or those who do not have access to cashless hospitalization services. However, it's important to note that the reimbursement process may involve some paperwork, documentation, and can take some time for the policyholder to receive the reimbursement.