One usually takes health insurance to protect one’s finances during illness and as a cover for medical expenses. It helps families manage healthcare, treatment, medication costs and diagnostics. There are many types of medical insurance available, yet policyholders find it a challenge to navigate health insurance, especially policy terminology and benefits. Complaints about excessive documentation, delays in claims or claims partially paid are prominent pain points.
To address policyholder concerns, IRDAI (Insurance Regulatory and Development Authority of India) has issued a comprehensive master circular on health insurance products. There are many policyholder-friendly changes announced which should address common concerns, especially the language of policy documents which aren’t easy to understand. There are 20 heads that the circular covers and there are guidelines for insurers too. Some of the prominent aspects of the circular which would reduce policyholders’ worries are:
This story is from the July 22, 2024 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 22, 2024 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THROW ME ANOTHER TEQUILA, SHEILA
Move over tequila sunrise, it's time to sunset into the tequila world at the swanky new Agave Bar at Aasmana at the Ritz-Carlton Pune
INDUS CREED
The freshly minted Ziya at the Oberoi Gurgaon, simply 'shines', much like its name implies.
THE GREEN MILE
SUSTAINABLE MOBILITY HAS BEEN AN INTEGRAL PART OF VOLVO'S PAST AND THE CURRENT PUSH FOR ELECTRIFICATION IS SHAPING ITS FUTURE
WALK ON THE WILD SIDE
Live your version of Man vs Wild in the Australian Outback. Kakadu National Park offers unrivalled natural wonders, more crocs and birds than humans and secrets and legends of the oldest living culture on earth.
All that Sparkles
FINE LIVING - Style, Hot Launches, Books, Watches
TO THE MANOR BORN
OFFERING AN INTIMATE STAY AND SUPERLATIVE SERVICE, KINWANI HOUSE IN RISHIKESH IS QUITE POSSIBLY THE MOST STUNNING BOUTIQUE HOTEL OPENING OF THE YEAR
WHERE FLAVOURS CURRY FAVOUR
WITH DOLLOPS OF AUTHENTICITY, SMEARED WITH REAL FLAVOURS AND OLD WORLD INDIAN HOSPITALITY, BUNGALOW, IN NEW YORK CITY, STIRS UP PASSIONS WITHOUT THE HOOPLA AND HISTRIONICS.
Old meets Bold
Longines Conquest Where vintage charm meets modern precision
The Devil is in the Details
One of the rare watchmaker-turned-CEOs, Breguet's Lionel a Marca has a sharp eye for details
THE NARRATIVE OF DESIRE
HAUTE JOAILLERIE STYLES THAT ARE ALL SET TO SHINE FOR THE UPCOMING SEASON OF FESTIVITIES
