Health insurance policyholders to get claim settlement time, coverage, limit, key details in single document: IRDAI proposes
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said the proposal would help policyholders understand complex health policy terms, and outlined new sections on policy type, sum insured for individual and floater covers, and financial limits.
More of Abhishek's views on insurance
This September 2023 article covers an IRDAI draft proposal to redesign the customer information sheet issued with health insurance policies so that key terms are in plain language. Under the draft, the sheet would state the policy type, sum insured, financial limits such as sub-limits and co-payment, claim procedures and settlement time, grievance contacts, and free-look and portability details. It includes comments from Abhishek Kumar.
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Health insurance policyholders to get claim settlement time, coverage, limit, key details in single document: IRDAI proposes
