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Cashless health claim settlement: Irdai asks insurers to deploy systems by July 31

Cashless health claim settlement: Irdai asks insurers to deploy systems by July 31
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Health insurance premiums can be reduced if you don t make a claim, policy cancellations to be less costly and more: 5 rule changes

Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation charges, standardising no-claim bonus, and increasing claim settlement transparency. ET Wealth Online explores how these regulations empower policyholders and improve their health insurance experience.

Health insurance claim new rules: Irdai issues circular for insurers to decide on cashless authorisation in 1 hour

IRDAI issued a new master circular on health insurance, aiming for 100% cashless claim settlement within a specific timeframe

Health insurance cashless claim delay can t stop patient s hospital discharge; insurers must clear in 3 hours or pay for delay

Health insurance claim rule change: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now, insurers have three hours to approve cashless discharge requests. Additionally, insurers will be liable for extra hospital charges due to delays.

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