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.
Comments
"If you cant Convince them, then confuse them."
This is what these Yogi, Yedyurappa and Shoba doing nowadays. they cant convince people on their good works to society so plan B is to confuse the people by shouting day and night blaming and hate speech. I wish the public understood these peoples dirty minds and thrown them to a planet where they can find their match. And never to return so we can live a happy life.
Ms Shoba,
You want to be remineded that how our PM had not only misused but also made fun of government machinaries during gujarat election rallies. Do you have a little shame on talking on this issue.
This HARAKU BAI Shobakka a perfect ally of KOLAKU BAI Eiswarappa, ready to set Karnataka on Fire for Chair. What a dirty politics!!
The cow always looking another cows -------- and laugh i/o of covering own ----- . This lady with same policy
no interest about development and good governance only stick with her nagpur HQ command for communal clash.
SHOBAKKA WHAT ABOUT THE FEKU'S INTERNATIONAL TOUR MONEY
Dear Sobakka,Reimburse money spent on PARIVARTAN YATRA and Feku's rallies.
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