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IRDAI provides clarification on cashless claims in Covid-19 cases

IRDAI issues clarification on cashless claims in Covid-19 cases
April 22, 2021
FM has also clarified that cashless service will be available at all places
Insurance Regulatory and Development Authority of India (IRDAI) has clarified that wherever insurers have an arrangement with the hospitals for providing cashless facility, such network hospitals are obligated to provide cashless service for all treatments including treatment for Covid-19.
This clarification comes in the backdrop of some reports that some hospitals are not granting cashless facility for treatment of Covid-19 despite policyholders being entitled for the cashless treatment under their policy.
Finance Minister Nirmala Sitharaman had earlier held talks with the IRDAI Chairman SC Kunthia on the problems some have faced and the need to address it. ....

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Reps intervenes as banks and telecom operators disagree over N42bn USSD

Moving the motion,
Ossai said the Central Bank of Nigeria (CBN) introduced the Cashless Policy in a bid to realise its statutory mandate of promoting monetary stability and sound financial system in Nigeria.
He said that one of the innovations introduced with the policy was-USSD services used by Global System for Mobile Communication Technology to communicate with service providers’ computers via text messages.
He explained that it was to check account balance or mobile airtime, generate bank statement or do fund transfer and data balance enquiries or to receive one-time passwords or pin codes.
“
The USSD service which is controlled by Mobile Network Operators, is a critical infrastructure used to provide mobile financial services to banks and other financial institutions in cell phones at very low cost, without requiring access to the user’s SIM card. ....

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Reps intervene in USSD N42bn dispute between telecom operators, banks

Reps intervene in USSD N42bn dispute between telecom operators, banks
nigerianobservernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nigerianobservernews.com Daily Mail and Mail on Sunday newspapers.

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USSD: Reps wade into N42b Telcos', Banks' Debt tussle

Vanguard News
USSD: Reps wade into N42b Telcos’, Banks’ Debt tussle
On
By Tordue Salem – Abuja
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).
The House adopted a motion to the effect, on Tuesday citing its Order 8 Rule 4.
A motion entitled: “Urgent Need to Intervene In the Impasse of N42billion debt between Telecommunication Operators and Banks and Banks and other Financial Institutions”, was sponsored by Rep. Ossai Nicholas Ossai(PDP-Delta).
In presenting his Motion, Ossai recalled that “in a bid for the Central Bank of Nigeria to realize one of its statutory mandate of Promoting Monetary Stability and Sound Financial System in Nigeria, designed a Cashless Policy, that will provide innovations, easy mobile payment, cost reduction, and convenient financial services to millions of Nigerians living in urba ....

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