IRDAI

IRDAI to Announce Major Reforms in Health Insurance Sector May 9, 2024 The council is also working to extend the reach of insurance in underserved areas, with a particular emphasis on closing the protection gap and improving insurance access through rural and social targets for insurers.

IRDAI Removes Health Insurance Age Limits Offering Big Relief to Senior Citizens April 22, 2024 The insurance regulator stated that all pre-existing conditions should be covered after 36 months, irrespective of whether the policyholder initially disclosed them or not.

National Health Claim Exchange to Roll Out Soon: NHA Chief February 15, 2024 The platform, developed as part of the Ayushman Bharat Digital Mission (ABDM), aims to streamline health insurance claims processing.

IRDAI Unveils Draft Regulations For ‘Bima Sugam’-One Stop Platform for Insurance Stakeholders February 15, 2024 Bima Sugam will operate on a consent-based architecture, ensuring that consumers are not charged for availing services through the online platform.

Narayana Health Gains IRDAI Approval to Launch Health Insurance Subsidiary January 8, 2024 The announcement positions Narayana Health Insurance Limited as India's sixth standalone health insurance company, contributing to the growing landscape of health insurers. Further, the company's stock price witnessed a boost, reaching INR 1217.75, a 3.07% increase.

NHA's NHCX Integrates 10 Hospitals, 8 Insurers Marking Significant Achievement November 16, 2023 In collaboration with the IRDAI, the NHA aims to operationalise the NHCX, serving as a gateway for exchanging claims-related information within the healthcare and health insurance ecosystem.

IMA Unhappy with IRDAI’s 100% Cashless Health Insurance Proposal, Says it may Limit Provider Choice November 10, 2023 The Indian Medical Association (IMA)’s state unit has raised concerns on the proposed changes initiated by the Insurance Regulatory and Development Authority (IRDAI) for a 100% cashless health insurance system.

Narayana Health Expands Services into Health Insurance to Enhance Accessibility September 14, 2023 The company envisions that through health insurance, it can establish a seamlessly integrated healthcare ecosystem where clinics, pharmacies, online healthcare services, and the hospital chain will collaborate cohesively.

IRDAI Working to Make 100% Cashless Medical Claims a Reality Soon September 11, 2023 The information comes in response to the existing hurdles in the cashless claim process, where insurers often deduct 10% or more from the total billing under various pretexts.

Narayana Health Group Enters Health Insurance Sector, Seeks IRDAI Licence August 17, 2023 Dr. Devi Shetty's Narayana Health Group has reportedly applied for a licence from the Insurance Regulatory and Development Authority of India (IRDAI) to establish a health insurance business.

NHA & IRDAI Host Workshop for Insurers & TPAs on ABDM & NHCX Integration August 16, 2023 The central aim of the workshop was to enable a smooth integration process for insurance companies into the Ayushman Bharat Digital Mission (ABDM) and to promote the acceptance of Health Claims Exchange (HCX) specifications and e-Claim standards.

IRDAI plans to onboard Health Exchange and Bima Sugam by August 1 May 26, 2023 Health Claims Exchange, developed by the National Health Authority, aims to simplify the health insurance claims process. For insurers, this initiative offers speed, convenience, and lower costs per claim.