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How you can breathe easy on Covid insurance claims
Bavadharini KS
BL Research Bureau |
Updated on
May 08, 2021
Insurer needs to give cashless claim approval to the concerned hospital within 60 minutes now
Apart from the physical and emotional strain brought on by Covid, unnecessary stress from the paper work and processes for making insurance claims related to the illness is best avoided. Thanks to the lockdown and other control measures put in place by the Centre during the first wave last year, health insurance claim procedure has almost entirely moved online.
While many insurers do settle cashless claims within a maximum of 24 hours, given the severity of the situation, IRDAI, the insurance regulator recently issued norms to the insurers on settlement of Covid health insurance claims. Accordingly, all the general and health insurance companies have been asked to communicate their cashless approvals to the concerned hospitals and establishments within a maximum time period