Health Insurance Policies
Edelweiss General Insurance to provide coverage to quarantined patients under Covid-19 policy
High treatment cost spurs demand for higher coverage
Definition of 46 health insurance terms standardised
Insurance Regulatory and Development Authority has issued guidelines that standardise terms in health insurance policies. This is to bring about clarity and enable insurance companies to provide better service to policyholders. Read more
Guidelines on Standardization in Health Insurance : IRDA
Health insurance addresses a major area o f public concern. Although it is rapidly growing, access to health insurance still remains limited and add to it complaints especially due to variable interpretations o f key policy terms are enormous. Read more
Portability of Health Insurance Policies
IRDA Circular In general, health insurance policies have specific exclusions for pre-existing diseases for a specified period of cover during the initial years. However, it has been observed that in cases where policyholder wishes to switch from one insurer to other, they do not gain any credit for the period of cover with previous insurer. Consequently the insured is tied to the insurer which is detrimental to competition. This places in policyholder at a distinct disadvantage. Read more