New Delhi: Medical Emergency Fund – India is witnessing an unprecedented second wave of Coronavirus as the number of daily Covid cases have been hovering around 3.5 lakh. At this crucial juncture, health or medical policy has become essential.Also Read - IPL 2022, SRH vs PBKS LIVE Cricket Score, Match 70: Abhishek Sharma Departs; Markram-Pooran Key For Hyderabad

However, even if one has a health policy, having cash in hand is very crucial. Health Policy Companies often takes a stipulated time for approving cashless facilities at hospital or other medical facilities. Patients’ families are often asked by the hospital authority to make advance payment. Sometimes cash becomes essential in the hour of emergency. That’s why one should have provisions or make some arrangements to get cash in quick notice. Also Read - Fuel Price Cuts: Maharashtra Slashes VAT on Petrol by Rs 2.08, Diesel by Rs 1.44 Per Litre

Here are some easy ways to get cash if there is any emergency. Also Read - Disha Patani Throws Flying Kicks in New Gym Video, Netizen Asks, 'Tiger Wala Churan Tum Bhi Kha Li'

Personal Loan

Personal loan is provided banks both private and government. Obtaining a personal loan is one of the easiest things in banks these days. All you need to do is to visit a nearby branch of bank in which you have an account. Banks will provide you personal loan as per your eligibility.

Credit Cards

You can use your bank credit cards to make any urgent payment at hospitals and nursing homes. You can opt for EMIs and repay the amount later to your respective banks.

Gold Loan

You can opt for taking Gold loan in case there is emergency and you need cash badly. Gold jewellery can be mortgaged to take loan and fulfill the requirements. It generally takes a few hours to obtain Gold loan. One look for this avenue if he or she requires emergency cash.

EPF Withdrawal

Salaried class can withdraw loan from their Employees’ Provident Fund (EPF) on the ground of medical emergency. An employee is eligible to medical emergency loan for own, spouse, parents or children. One can withdraw employee’s share with interest or six times of monthly salary, whichever is lower.

Other Options

You can also borrow emergency loan against insurance schemes, mutual funds, shares, and fixed deposits.