Apollo Hospitals Group has joined hands with Munich Health, a world leader in the field of health insurance.
Insurance Regulatory and Development Authority of India (Irdai) has released draft norms on health insurance where it has suggested discounts based on fitness and wellness criteria. The regulator has also called for establishing a separate channel to address the health-insurance-related claims and grievances of senior citizens. Irdai has also detailed its norms for 'combi products', which would be a combination of a life insurance policy and a health insurance policy. The regulator has said that clear disclosures should be made on the two partners offering the products. It also mandated a 'lead' insurer in these products.
Health Insurance Sector likely to get a third party administrator from the year FY2017. The Health Insurance TPA of India will provide the services of call centres, customer service and grievance management, pre-authorisation, and claim processing. It would be involved in providing network empanelment, verification and investigation and pre-policy health check-up. The firm would also provide services to support all types of health insurance policies - individual, family floater, group covers, mass schemes, indemnity, fixed benefit, among others. The TPA is set up as a venture of National Insurance Company, New India Assurance Company, United Insurance Company, Oriental Insurance Company, and General Insurance Corporation of India which will have 23.75% stake in the venture. TPA will reduce
Registry of Hospitals in Network of Insurers' (Rohini) portal is being launched to provide information like treatment facility, cost of treatment and cost of claims among others relating to the 35,000 hospitals which are registered by Irdai-promoted Insurance Information Bureau (IIB). It is an initiative of IRDA which going forward will help insurance companies and hospitals and all the insured under various health insurance schemes to get all relevant data at one place