Irdai asks insurers to settle Covid-19 claims for treatments done in makeshift hospitals
The insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), directed all non-life insurers to settle claims for patients treated in temporary or make-shift hospitals. The regulator told general insurers in circular to consider makeshift or temporary hospitals created/permitted by central and state governments to be considered as a hospital/network provider. IRDAI in the circular said, “Where any […]
Keep it simple, compete on settling claims: IRDAI to insurers
Chennai: Citing the 4.5 lakh lives covered under the stardardised insurance policy like Corona Kavach within 20 days of its launch, simple and standardised health insurance products will grow the health insurance segment, said Subhash Chandra Khuntia, Chairman, Insurance Regulatory and Development Authority of India (IRDAI). Khuntia also urged insurers to come out with disease specific insurance products that will […]
