Common portal for health insurance claim settlements on the cards

Jannie Delucca

The settlement of wellness coverage promises could quickly be a matter of a couple of clicks, as the Insurance coverage Regulatory and Development Authority of India (Irdai ) is arranging a common portal for the approach.

The coverage regulator is trying to get to deliver all stakeholders in the wellness coverage house — insurers, the insured, as well as hospitals — underneath one particular roof with an aim to standardise the claim settlement technique and make certain payment in a time-bound way, T L Alamelu, member (non-existence), Irdai, reported on Friday.

Irdai has also formed a committee to look into the matter, and the platform will be produced by the Insurance coverage Information and facts Bureau.

“We hope this will deliver a paradigm change in the way promises are settled in wellness coverage,” Alamelu reported. She was talking at an coverage summit organised by Assocham in Kolkata.

The existing technique

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