According to the 2019 Insurance regulatory development authority of India – National health authority joint working group’s report on fraud control: “Fraud shall mean and include any intentional deception, manipulation of facts and/or documents or misrepresentation made by a person or organization with the knowledge that the deception could result in unauthorized financial or other…
Insurance regulatory authority of India (IRDAI), the insurance regulator, came out with a circular on the 18th of October 2022, directing health insurers to comply and provide cover for mental illness under their health insurance policies. The circular can be downloaded through this link. According to this IRDAI circular: Health insurers must comply with the…
Healthcare-related expenses are increasing by 12-15% every year in India. A major operation/surgery/illness can set you back by ₹5 lakhs to ₹10 lakhs or more. Consequently, buying health insurance for your family is of utmost importance. According to an ICE 360° survey (Oct 2014) from people research on India’s consumer economy, among the top 20%…