ICICI Lombard launches new health insurance policies
ICICI Lombard in partnership with Freepaycard, an online pre-paid card trading platform, has launched three new health insurance policies. Read more
Health Insurance Policies
Edelweiss General Insurance to provide coverage to quarantined patients under Covid-19 policy
In a recent move, Edelweiss General Insurance said that the company’s COVID-19 policy will be providing coverage to the quarantined Read more
High treatment cost spurs demand for higher coverage
The steep rise in the cost of treatment and growing awareness have led to an increase in the average sum Read more
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
Cashless claims : IRDA chief ex plains non-intervention in stand-off
The Insurance Regulatory and Development Authority, Mr. J. Hari Narayan, justified IRDA’s non-intervention in the current stand-off between some insurers Read more
