IRDAI brings peritoneal dialysis in ambit of private insurance coverage
IRDAI brings peritoneal dialysis in ambit of private insurance coverage
15 January 2021 | News The recent development allows kidney patients to avail the benefits of the home-based and cost-
effective PD therapy
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To address the increasing number of Kidney Failure patients in India, the Insurance Regulatory Development Authority of India (IRDAI) has released the much-awaited policy guidelines to include peritoneal dialysis (PD) in the ambit of private insurance coverage.
According to the guidelines, patients taking treatment of PD can make reimbursement claims on a monthly basis through an approved pre- authorisation procedure. The provisions of the new guidelines have been in effect from 1st October 2020.
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Irdai Imposes Rs 15 Lakh Penalty On Bharti AXA General Insurance Company
Irdai has imposed a fine of Rs 5 lakh on Bharti AXA for violation of the guidelines which prohibit payments, directly or indirectly, to the motor insurance service provider or any of its associate company.
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Regulator Irdai has imposed a total penalty of Rs 15 lakhs on Bharti AXA General Insurance Company in two different cases for violation of various provisions concerning motor insurance.
In this first case, the Insurance Regulatory Development Authority of India (Irdai) slapped a penalty of Rs 10 lakh on the private sector insurance company for non-compliance with minimum obligations under regulations concerning third-party motor insurance business.
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Come 2020, she is selling lakhs of insurance policies at the tap of an app on mobile phones and all it takes is a few minutes to mail the policy document instead of weeks of wait for the policy to arrive by the unpredictable India Post to shove it to safety in the steel cupboard.
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Synopsis
Come 2020, she is selling lakhs of insurance policies at the tap of an app on mobile phones and all it takes is a few minutes to mail the policy document instead of weeks of wait for the policy to arrive by the unpredictable India Post to shove it to safety in the steel cupboard.
Agencies
With insurers such as ICICI Pru Life, HDFC Life, ICICI Lombard and GIC Re getting listed, investor interest is gathering momentum as well.
About a quarter of a century ago when a budding finance executive at