Working towards 100% cashless settlement: IRDAI

IRDAI is working with players in the health insurance ecosystem to ensure 100 per cent cashless settlements for medical expense claims, which will eliminate the need for filing claims, said Chairman Debasish Panda.

“The councils — industry bodies Life Insurance Council and General Insurance Council — are playing a very prominent and active role for enabling common empanelment and interoperability with hospitals. This will make claim processing of health insurance seamless and frictionless for the policyholders,” said Panda at the Global Fintech Fest 2023.

IRDAI is also working closely with the National Health Authority to onboard more hospitals onto the National Health Exchange, and with insurers to ensure better and more affordable products for senior citizens, as the current pricing makes medical insurance inaccessible for most people in this segment.