IRDAI Guidelines for Health Insurance Claims
The IRDAI has introduced new guidelines to streamline health insurance claims in India. These include mandatory cashless settlements, strict timelines for claim processing, penalties for delays, and adjustments to policy cancellation and grace periods. The IRDAI, established in 1999 in Hyderabad, aims to protect policyholder interests and promote the insurance sector. It has also launched consumer protection initiatives and technological advancements for better policy management.
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