Buyers need to focus on the salient features of a health policy rather than the discounts.Some insurance experts claim that discounts on premiums are merely a marketing gimmick
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.
Coming in April, a new standard home insurance policy: Should you buy it?
The insurance regulator IRDAI has now mandated a standard cover to protect your house s structure and contents January 08, 2021 / 09:27 AM IST
Soon, you will be able to buy a standard home insurance cover from any general insurance company, except health insurers, in India. The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines on the standard home insurance policy – Bharat Griha Raksha – that will be available from April 1, 2021. In 2020, the insurance regulator had framed standard clauses for term insurance, health, COVID-19, personal accident, travel and vector-borne diseases covers. A home insurance policy with uniform clauses is the latest in this list. Like in the case of other standardised covers, the premium will be decided by insurers, but clarity is awaited on whether zone and geography-based pricing will be allowed.