IRDAI asks insurers to settle claims as per cashless agreements with hospitals, policy terms
Insurers can take GI Council and state government-prescribed rates into account while entering into cashless agreements with hospitals
January 19, 2021 / 02:57 PM IST
Insurance regulator IRDAI has directed insurers to settle cashless COVID-19 claims as per the tariff decided by insurers, hospitals and third-party administrators (TPA).
“Insurers shall make efforts to have an agreement with health providers on rates for treatment of Covid-19 similar to other diseases for which rate agreements are in place,” the Insurance Regulatory and Development Authority of India (IRDAI) said in a circular on January 13.