Table Tag: Policy

Health Claims Must Settle Within 3 Hours, IRDAI Mandates

Health Claims Must Settle Within 3 Hours, IRDAI Mandates

IRDAI introduced a master circular for health insurance products that has repealed 55 other circulars. With this master circular regulator, IRDAI is poised to improve transparency and the claims experience for policyholders. The master circular implements several regulatory changes regarding health coverage announced by IRDAI last month. These changes include removing the upper age limit,…