IRDAI

Policies to pay for hospitalization due to adverse effects of the vaccine ‘

India’s insurance and development authority (Irdai) has indicated that health insurance plans will cover hospitalization costs, subject to certain policy terms and conditions, should anyone have a Covid-19 vaccination reaction. “It is clear that in the unlikely event of hospitalization following a negative response to the covid-19 vaccine, hospitalization is subject to health insurance policies …

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IRDAI issue insurance broking licence for Policybazaar

A leading web-aggregator Policybazaar, on Friday, said the approval was reached by the IRDAI to engage in insurance brokerage, development, and enable the company to expand its operations and expand its range of services. This is the development of the company, its license is for web aggregators, is that provided by the Insurance Regulatory and …

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Finance Minister Nirmala Sitharaman says IRDAI directs insurance companies to prioritize COVID-19 claims

Finance Minister Nirmala Sitharaman has said that the insurance regulator IRDAI should give priority to authorization and settlement of COVID-19 claims to companies. Sitharaman said that reports of cashless insurance refusal were being received by some hospitals. To deal with this situation, the Finance Minister spoke to the Insurance Regulatory and Development Authority (IRDAI) Chairman …

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