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Health Insurance Update: IRDAI Sets 3-Hour Time Limit For Insurers To Clear Cashless Claims- Read Details

The IRDAI stated that in emergency cases the insurers must decide on cashless authorisation requests immediately.

New delhiMaster circular on health insurance productsDevelopment authority of indiaBank to stopInsurance regulatoryDevelopment authorityMaster circularHealth insurance productsAlso readKey rules changes from juneAadhaar updatesFor smallStarting fromFind out whyCustomer information sheetLocal circles

Health insurance cashless claim delay can t stop patient s hospital discharge; insurers must clear in 3 hours or pay for delay

Health insurance claim rule change: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now, insurers have three hours to approve cashless discharge requests. Additionally, insurers will be liable for extra hospital charges due to delays.

Development authority of indiaLocal circlesInsurance regulatoryDevelopment authorityClaims review committee

Health insurance: IRDAI sets 3-hour time limit for insurers to clear cashless claims Details here

IRDAI also said policyholders should be provided wider choices by the insurers by making available products/add-ons/riders by offering diverse insurance products.

Health care providersDevelopment authority of indiaMaster circular on health insurance productsInsurance regulatoryDevelopment authorityMaster circularHealth insurance productsHealth careCustomer information sheetLocal circles

Online Insurance Policy Traps: Prevent And Protect Yourself From Loss

Mis-selling of insurance policies such as life, health, motor, property, or any other insurance, is not an uncommon practice. Consumers should be aware of dark practices that are designed to manipulate and mislead them into making purchases that are based on false ads.

Anup sethChief distribution officerEdelweiss tokio life insuranceLocal circles

6 in 10 consumers of online insurance sales platforms experience nagging, subscription: Survey

6 in 10 consumers of online insurance sales platforms experience nagging, subscription: Survey
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Vivek joshiFinancial servicesDevelopment authority of indiaCentral consumer protection authorityDepartment of financial servicesInsurance regulatoryDevelopment authorityFinance ministryFinancial services secretary vivekLocal circles

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