Bengaluru, Mar 11: The Insurance Regulatory Authority of India has asked insurers to settle all claims related to coronavirus expeditiously under existing health policies that provide for treatment of hospitalisation expenses.
It has also asked insurers to design products covering the cost of treatment of coronavirus that has fast spread across the world and also resulted in increasing number of infections in India. There has been over 3,000 deaths globally and 58 cases tested positive in India.
In order to provide need-based health insurance coverage, insurers are intro ducing products for various specific diseases, including vector borne diseases. "For the purpose of meeting health insurance requirements of various sections, insurers are advised to design products covering the costs of treatment for coronavirus," the IRDAI said in a circular.
The regulator said that under existing health insurance policies where hospitalisation is covered, not only the cases related to coronvirus disease (COVID-19) shall be expeditiously handled, but all the costs of admissible medic al expenses during the course of treatment, including the treatment during quarantine period, should be settled in accordance to the applicable terms and conditions of policy contract and the extant regulatory framework.
This would bring much needed relief to policy holders some of whom were facing difficulty in getting coverage for treatment takers to coronavirus. In the absence of clear information, a few hospitals were reportedly denying for forward such claims of policy holders to the insurers.
IRDAI has now said that all the claims reported under COVID-19 shall be thoro ughly reviewed by review committee before repudiating the claims. This would prevent blanket rejection of such claims.
But to get full claim for treatment of coronavirus, industry experts said, a person should be hospitalised at least for 24 hours. Most insurers do not c over outpatient treatment.
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Dear Dubai BCF,
Please accept my heartiest congratulations on this glorious achievement of serving the poor and needy people of our own, South Kanara. In today's God Forsaken Planet, where every other headline reads about the ongoing unjustice in the World, Your efforts has restored the faith in the humanity. Kudos to all of you for that! It is a proud moment for the entire Beary Community.
As a fellow social worker and someone who shares similar ideologies, my humble suggestion would be to establish a fixed income generating assets back home ( Mangalore ) which would ensure that our needy people have all their basic needs fulfilled perennially without having to depend on funds from the Middle East. Most of the social work amongst our Beary Community is dependent on funds flowing from the Middle East but with the current Oil crises, my suggestion is in the need of the hour.
Inspired by your work, We the Bearys in Muscat have decided to form an Association in the forthcoming days and serve the Community in whatever way possible.
I wish you all the success in your future endeavours. May ALLAH (swt) support all of you in the noble cause of helping the less fortunate ( Aameen ).
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