Communications on basic information on health insurance policies to the policyholders

March 10, 2021 By HealthInsuranceAdvisor In General Insurance, Health Insurance India, Health Insurance Sahi Hai, Insurance News, News
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 o...

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

September 28, 2020 By HealthInsuranceAdvisor In General Insurance, Health Insurance Explained, Health Insurance India, Health Insurance Sahi Hai, Insurance News, News
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...

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

September 22, 2020 By HealthInsuranceAdvisor In General Insurance, Health Insurance India, Health Insurance Sahi Hai, Insurance News, News
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 m...

GST in Health Insurance might reduce to 5%.. Great news !!

September 12, 2020 By HealthInsuranceAdvisor In General Insurance, Health Insurance India, Health Insurance Sahi Hai, Insurance News, News
The Insurance Regulatory and Development Authority of India’s (IRDAI) has again made fresh plea to the Finance Ministry for reduction in GST of health and life insurance, a move, which if approved may lower the premiums of the insurance schemes. IRDAI has approached the Finance Ministry, reque...

All Health Insurance Claims to be payable after 8 Years ??..

June 12, 2020 By HealthInsuranceAdvisor In General Insurance, Health Insurance Explained, Health Insurance India, Health Insurance Sahi Hai, Insurance News, News
Once you have paid premiums for a health insurance policy for eight years continuously, your insurer will have to pay all claims as per the policy limits from April 1, 2021 onwards. Insurance Regulatory and Development Authority of India (IRDAI) in its guidelines on standardisation of terms and clau...