Print
Hits: 1931
iGovernment.
1 Jun 2012

It has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years

New Delhi: Insurance Regulatory and Development Authority (IRDA) has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years and settle all claims within a month.

In its draft guidelines for health insurance companies, the IRDA said that insurers will have to provide cashless facility to policy holders undergoing treatment in a particular hospital even after it is removed from the list of preferred service providers.

The draft also talks about portability, under which a policy holder can migrate to another health insurance providing company, without losing any benefit.

–iGovernment Bureau

Disclaimer: The news story on this page is the copyright of the cited publication. This has been reproduced here for visitors to review, comment on and discuss. This is in keeping with the principle of ’Fair dealing’ or ’Fair use’. Visitors may click on the publication name, in the news story, to visit the original article as it appears on the publication’s website.