General Insurance

Communications on basic information on health insurance policies to the policyholders

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Insurance Regulatory and Development Authority of India Ref: IRDAI/HLT/REG/CIR/038/03/2021 Date: 1st March 2021 To All General and Health insurers (except ECGC and AIC) Re: Communications on basic information on health insurance policies to the policyholders 1. Attention is drawn to the provisions of Regulation 12 of IRDAI (Protection of Policyholders’ interests) Regulations, 2017 specifying therein minimum information […]

General Insurance

IRDA Standardization of General Terms and Clauses in Health Insurance Policy Contracts

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health-insurance-changes

Guidelines on Standardization of General Terms and Clauses in Health Insurance Policy Contracts 1. OBJECTIVE: The Objective of these guidelines is to standardize the general terms and clauses incorporated in indemnity based Health Insurance [excluding Personal Accident (hereinafter called as PA) and Domestic / Overseas Travel] products by simplifying the wordings of general terms and clauses of the […]

General Insurance

Health Insurance Premium are set to increase after 1st October 2020

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what is health Insurance?

Starting from October, your health insurance premiums are set to increase. To make health insurance products more ‘customer-centric’, the Insurance Regulatory and Development Authority of India (Irdai) has introduced a host of changes in last one year. The insurance regulator made it mandatory for the insurance companies to follow the guidelines and implement the changes in products […]