IRDAI is planning to introduce two new features in the health insurance policy — a common network for hospitals for all health insurance policies issued by any health insurance or general insurance company across the country and a 100% cashless settlement system. These two initiatives will help insurers to provide an integrated and comprehensive cashless hospital network to customers to ensure that their claims experience is seamless and hassle-free. Read on to find out more about it.
The Insurance Regulatory and Development Authority of India (IRDAI) has instructed the Committee on Common Empanelment Process of Hospitals and 100% Cashless to submit a report on implementing fully cashless medical-insurance settlement in hospitals nationwide. Currently, only 49% of hospitals offer cashless settlement.