Irdai sets 3-hour limit to settle health claims

Irdai sets 3-hour limit to settle health claims

MUMBAI: Insurance regulator Irdai has brought in several reforms in health covers aimed at improving service standards for policyholders. The new norms will require insurers to approve cashless claims within an hour and provide final authorisation for discharge from a hospital within three hours.Insurers will also need to provide a one-month grace period for annual … Read more