Genetic diseases, mental illness cannot be excluded from health insurance coverage: IRDAI

The insurance regulator has said genetic disorders, menopause, mental illnesses among several such health issues cannot be excluded from health insurance coverage. As part of an exposure draft on the standardisation of exclusions, Insurance Regulatory and Development Authority of India (IRDAI) said any disease contracted after taking the policy also have to be mandatorily covered. All existing health insurance products […]

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IRDA Proposing fantastic Changes in Health Insurance , Lets See Impact on COST… in future

In order to make the health insurance cover more customer-centric, a panel constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has proposed several important changes to the existing health insurance exclusion rules. The revisions in the health cover are believed to make the coverage more comprehensive and efficient for the policyholders. The changes are proposed in the […]

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Remember the Fortis medical bill worth Rs 16 lakh? This law will ensure it never happens again

In November last year, FortisNSE -2.11 % Memorial Research Institute (Gurgaon) charged the family of a seven-year-old dengue patient nearly Rs 16 lakh for 15 days in the ICU. The girl died while being shifted from Fortis to Rockland Hospital. Hospitals in big cities inflate costs of medicine, etc., sometimes 100s of times. According to Satyendar Jain, the health minister […]

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Inadequate Health Insure cover ?

As per a joint report by FICCI and KPMG, titled ‘heath savings account in India’, only 27% of Indians have health insurance cover. This figure is abnormally low. In the present day scenario, health insurance policy has become inevitable. In the backdrop of rising lifestyle diseases due to lack of exercise, erratic eating habits, increase in stress levels and poor […]

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