INSURANCE FIRMS TO OFFER SWIPE CARDS SOON

Health insurance companies could soon switch to a smart-card based approval system, which will save crucial time that is usually lost in processing during cash- less hospital admissions.

These cards will come loaded with pre- defined credit limit depending on the patients’ policy specifications and work on a swipe-and-pay mode similar to a credit and debit card, operating through online payment gateways, such as Visa.