Insurance companies rejecting claims on baseless grounds, IRDA must step in: Punjab Consumer Forum

Insurance companies rejecting claims on baseless grounds, IRDA must step in: Punjab Consumer Forum

HDFC ERGO General Insurance, HDFC Bank  The State Consumer Disputes Redressal Commission, Punjab recently flagged concern that insurance companies were rejecting claims of customers on baseless grounds. The Commission President Justice Daya Chaudhary and Member Simarjot Kaur stressed that the Insurance Regulatory and Development Authority (IRDA) must curtail the “hands of insurance companies” who were …

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Irdai Mandates Health Insurers To Decide On Cashless Authorisation Within One Hour

Irdai Mandates Health Insurers To Decide On Cashless Authorisation Within One Hour

Regulator Irdai on Wednesday released a master circular on health insurance specifying that an insurer will have to decide on cashless authorization within one hour of request. The master circular on Health Insurance products repeals 55 circulars issued earlier and it is a significant stride towards reinforcing the empowerment of policyholders and bolstering inclusive health …

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IRDAI removes age bar for purchasing health insurance

IRDAI removes age bar for purchasing health insurance

The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age limit for purchasing health insurance policies, with effect from April 1. Earlier, there was an age limit of 65 years to buy new health insurance policies. IRDAI’s latest move is aimed at bringing in extended health benefits to the elderly. The IRDAI directive …

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