Health Insurance Update: IRDAI Sets 3-Hour Time Limit For Insurers To Clear Cashless Claims- Read Details | Personal Finance News

New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has introduced some changes to health insurance regulations. They have issued a comprehensive Master Circular on Health Insurance Products which repeals 55 previous circulars. One key update is that insurers are now required to give final authorisation within three hours of receiving a discharge […]

ABHISEK RAJPUT

May 30, 2024

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More Flexibility For Insurance Policyholders, May Cancel Policy And Get Refund –IRDAI New Guidelines Explained | Personal Finance News

New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular on IRDAI (Insurance Products) Regulations 2024 –General Insurance that replaces all earlier Guidelines/circulars of General Insurance Products. Announcing the Master Circular on 11 June 2024, IRDAI said that it will come into effect immediately. IRDAI said that the master circular […]

ABHISEK RAJPUT

June 12, 2024

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No Insurance Claim To Be Rejected For Lack Of Documents: IRDAI | Personal Finance News

New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular that shall apply to every single existing general insurance product and every add-on cover. The IRDAI Circular issued on 11 June added that no claim shall be rejected for want of documents. All the required documents shall be called at […]

ABHISEK RAJPUT

June 13, 2024

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IRDAI Introduces Higher Surrender Payouts On Early Exit From Life Insurance Policies | Personal Finance News

New Delhi: If you have an insurance policy, the Insurance Regulatory and Development Authority of India (IRDAI) brings great news for you. If you decide to exit your life insurance policy early then you’ll receive more money back. In an effort to benefit policyholders, the IRDAI has mandated a higher special surrender value (SSV) for […]

ABHISEK RAJPUT

June 16, 2024

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6 Key Health Insurance Claim Rule Changes You Need To Know: Details Here | Personal Finance News

New Delhi: India’s health insurance has seen many changes lately. The Insurance Regulatory and Development Authority of India (IRDAI) has updated several rules about health insurance claims, according to a report by the Economic Times. Here are the new health insurance claim rules: 1) Cashless claims anywhere Now you have the ability to file cashless […]

ABHISEK RAJPUT

June 27, 2024

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