Instructions from health insurance companies to settle claims in two hours

New Delhi: Insurance sector regulator IRDA has asked insurance companies to take a decision on health insurance claims within two hours. The initiative aims to reduce the pressure on the country’s health sector infrastructure due to the corona virus epidemic. The Insurance Regulatory and Development Authority (IRDA) said in a circular that the current situation due to the corona virus coupled with pressure on health infrastructure Increased.

Considering the need to reduce this, all insurance companies decide fast on health insurance claims. According to IRDA, to ensure that all health insurance claims will be disposed of expeditiously, insurance companies will follow the deadline. The circular states, “The request letter regarding cashless treatment is coming and the final requirement from the hospital or TPA. Within two hours after the information, whichever is earlier, the decision will have to be communicated to the network hospital.

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