Tuesday, September 30, 2025
spot_img

IRDAI: Insurance guidelines for claims under coronavirus

spot_img
- Advertisement -

Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines for the general insurer and health insurers on the handling of claims reported under coronavirus.

Where coverage is granted for the treatment of hospitalization expenses, in order to alleviate the hardships that may be caused to the policyholders, all claims reported under coronavirus shall be handled as per the following norms.

  • Where hospitalization is covered in a product, insurers shall ensure that the cases related to Coronavirus disease (COVID-19) shall be expeditiously handled.
  • The cost of medical expenses incurred during the course of treatment including the quarantine period shall be settled in accordance with the applicable terms and conditions within the policy contract and regulatory framework.
  • IRDAI has asked insurers to thoroughly assess the claims reported under COVID 19 to be reviewed by the claims review committee before repudiating the claims.

IRDAI has asked insurers to design products covering the treatment cost of coronavirus. It said “In order to provide need-based health insurance coverage, insurers are introducing 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 Corona Virus.”

Download IRDAI Notification

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Talent Conversations

 A senior business leader was attending a session on...

Deloitte India to vote for new CEO; Rohit Mahajan, Romal Shetty in race

According to media sources, An audit, consulting, advisory, and...

EPFO extends time limit for submission of Life Certificate

EPFO extends time limit  for Pensioners upto 28th February...

JioStar Announces 600 Job Cuts in Post-Merger Restructuring

JioStar, the newly formed joint venture between Reliance Industries'...

Vinay Ranjan joins Coal India as Director– Personnel & Industrial Relations

Coal India Limited on Thursday announced that Vinay Ranjan...

Nagarro is hiring for various WFH & WFA Jobs and freshers in India, Apply

Recently, Nagarro, a global leader in digital engineering said that...

India’s Campus Hiring Rebounds with AI-Driven Talent Strategies

Campus hiring in India has seen a strong resurgence...

Accenture Appoints Karthik Narain as Chief Technology Officer

In a significant leadership transition, Karthik Narain has officially...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/