IRDAI Issues Guidelines for Claims Reported Under Coronavirus
The Insurance Regulatory Development Authority of India (IRDAI) issued a circular on March 04, 2020, stating that all the health insurance providers in India need to come up with medical insurance policies to cover treatment and hospitalization costs for Coronavirus Infection COVID-19 that is impacting thousands of people around the globe.
Get ₹5 Lac Health Insurance starting @ ₹300/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Get insured from the comfort of your home No medicals required
I am a
My name is
My number is
By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
Close
Back
Get insured from the comfort of your home No medicals required
I am a
My name is
My number is
Select Age
City Living in
Popular Cities
Do you have an existing illness or medical history?
This helps us find plans that cover your condition and avoid claim rejection
Get updates on WhatsApp
What is your existing illness?
Select all that apply
When did you recover from Covid-19?
Some plans are available only after a certain time
- Home
- Health Insurance
- Articles - HI
- IRDAI Issues Guidelines for Claims Reported Under Coronavirus
IRDAI laid down the following norms for insurers handling coronavirus health insurance claims:
- Health plans that cover hospitalization expenses shall ensure that the Coronavirus (COVID-19) cases are expeditiously handled
- Compensation for admissible medical expenses on the treatment including the quarantine period shall be settled as per the terms and conditions mentioned in the policy contract and the extant regulatory framework.
- All the health insurance claims related to Coronavirus (COVID-19) shall be reviewed thoroughly by the claims review committee before rejecting the claims.
- To cater to the need-based medical coverage, health insurance companies are introducing health plans for various specific diseases such as vector-borne diseases. Insurance companies are advised to design health insurance products to meet the specific health insurance requirements of and Corona Virus treatment cost
- IRDAI introduced instructions as per the provisions of Section 14 (2) (e) of IRDA Act, 1999 and shall be enforced with immediate effect.
- This has the approval of the competent authority.
Currently, more than six lakh people are being screened for coronavirus at nearly 21 airports in different countries. Screenings are also being conducted for the entrants at India's open borders with Bhutan, Nepal, and Myanmar.
Search
Health Insurance Companies
Aditya Birla Health Insurance
Bajaj Allianz Health Insurance
Bharti AXA Health Insurance
Care Health Insurance
Cholamandalam Health Insurance
Digit Health Insurance
Edelweiss Health Insurance
Future Generali Health Insurance
IFFCO Tokio Health Insurance
Kotak Mahindra Health Insurance
Show More Insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Health insurance articles
Recent Articles
Popular Articles
17 May 2022
The brain is one of the most important organs in your body. It is...
12 May 2022
India experiences a hot and dry summer season that lasts for up to...
12 May 2022
The number of people who require hearing aids continues to grow...
12 May 2022
Accidents are unpredictable. Getting injured in an accident not...
12 May 2022
A change in weather can bring respite from the scorching summer...
