Following the Insurance Regulatory and Development Authority of India’s (IRDAI) issuance of a new master circular on health insurance, insurers are seeking clarification on its implementation. The circular, effective May 29, 2024, aims to empower policyholders and enhance inclusive health insurance. Key provisions include authorizing cashless claims within one hour and transferring policy benefits when porting between insurers. However, insurers face challenges, especially with group health policies and meeting strict timelines for data transfer and claims authorization.
Insurers Seek Clarity on New IRDAI Health Insurance Guidelines
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