New Norms For Health Insurance From Next Year

  • 2:35
  • Published On: October 31, 2023
Cinema View
Embed
From January 1, 2024 onwards, the Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for health insurance companies to issue a Customer Information Sheet (CIS) to all health insurance policyholders at the time of buying a health insurance policy.  

As per the circular issued by IRDAI, the policyholders will have the option of cancelling the health policy within a specified period if they do not like it.

According to IRDAI, "the Customer Information Sheet will provide policyholders all important information about their health insurance policy in simple language the following:

a) name and type of policy
b) coverage details
c) waiting periods
d) limits and sub-limits
e) all exclusions
f) concepts like --
i. free look cancellation
ii. migration
iii. portability
iv. moratorium period
g) guidance on procedure for claims submission h) contact details/web links for grievance/complaint filing"

The new IRDAI directive also highlights the obligations of policyholders to make transparent and fair disclosures of relevant material information pertaining to their health.

According to IRDAI, "the insurers are also required to obtain signatures of the policyholders confirming that they have noted the details of CIS and received it. This step is expected to result in better-informed policyholders, reduced disputes and delays, and a seamless health insurance experience for policyholders".

The updated Customer Information Sheet will come into effect from January 1, 2024.

Related Videos

55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
December 21, 2024 3:10
4 Die Of Dengue In Manipur, Nearly 1,400 Cases Detected So Far
October 18, 2024 2:16
Explained: What's The Health Insurance Scheme For Everyone Over 70
September 12, 2024 3:19
Everyone Over 70 To Be Covered Under Health Insurance Scheme: Centre
September 11, 2024 8:21
GST Council Meeting: No Tax Cuts Yet On Health Insurance
September 10, 2024 3:48
Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
September 09, 2024 0:57
People Above 65 Can Also Buy Health Insurance Now
April 21, 2024 10:45
Madhya Pradesh's Tuberculosis Drug Shortage Could Impact Over A Lakh Patients
April 18, 2024 3:06
Hundreds Treated Outside Maharashtra Hospital Due To Shortage Of Beds
February 21, 2024 3:23
Surat Girl Helps Cancer Patients By Donating Hair, Urges Students To Do Same
February 18, 2024 2:16
Union Budget 2024-25 | Tax, Health Insurance: What Senior Citizens Want From Budget 2024
February 01, 2024 2:48
Huge Fire At Visakhapatnam Hospital, Ladders Used To Rescue Patients
December 14, 2023 3:52
  • "Rahul Ji, Check The Zero": Anurag Thakur's 'Meme' Swipe At Rahul Gandhi
    February 10, 2025 3:37

    "Rahul Ji, Check The Zero": Anurag Thakur's 'Meme' Swipe At Rahul Gandhi

  • Delhi's Next Chief Minister A Woman? Murmurs Amid Big BJP Brainstorm
    February 10, 2025 2:28

    Delhi's Next Chief Minister A Woman? Murmurs Amid Big BJP Brainstorm

  • Trump Putin Talks | Donald Trump, Putin Hold Talks, Trump Remains Tight-Lipped About Details
    February 10, 2025 2:54

    Trump Putin Talks | Donald Trump, Putin Hold Talks, Trump Remains Tight-Lipped About Details

  • "Comedy Not My Forte": YouTuber Ranveer Allahbadia Apologises After Row
    February 10, 2025 5:53

    "Comedy Not My Forte": YouTuber Ranveer Allahbadia Apologises After Row

  • Unparalleled Experience: Ex-Norway Minister Visits Maha Kumbh
    February 10, 2025 8:01

    Unparalleled Experience: Ex-Norway Minister Visits Maha Kumbh

  • Pariksha Pe Charcha 2025: PM Modi Interacts With Disabled Student In Delhi's Sunder Nursery
    February 10, 2025 1:39

    Pariksha Pe Charcha 2025: PM Modi Interacts With Disabled Student In Delhi's Sunder Nursery

  • Hyderabad News | Gradson Kills Industrialist VC Janardhan Rao Over Property Row, Attacks Mother Too
    February 10, 2025 4:04

    Hyderabad News | Gradson Kills Industrialist VC Janardhan Rao Over Property Row, Attacks Mother Too

  • 'Anora' Wins At Producers And Directors Guild Awards
    February 10, 2025 0:56

    'Anora' Wins At Producers And Directors Guild Awards

  • Trump's Latest Chapter In A Complicated Legacy With Football
    February 10, 2025 2:23

    Trump's Latest Chapter In A Complicated Legacy With Football

  • PM Heads To France For AI Summit | Trump Says He Will Announce 25% Steel, Aluminium Tariffs
    February 10, 2025 14:25

    PM Heads To France For AI Summit | Trump Says He Will Announce 25% Steel, Aluminium Tariffs

  • Meta Prepares For Layoffs: Reports | Nippon Steel Considering 'Bold' Revision To Us Steel Buyout: Reports
    February 10, 2025 1:54

    Meta Prepares For Layoffs: Reports | Nippon Steel Considering 'Bold' Revision To Us Steel Buyout: Reports

  • Nishikant Dubey Parliament Speech | "George Soros, Waqf...": Nishikant Dubey Exposes Congress
    February 10, 2025 5:00

    Nishikant Dubey Parliament Speech | "George Soros, Waqf...": Nishikant Dubey Exposes Congress

  • PM Heads To France For Ai Summit, Trump Says He Will Announce 25% Steel, Aluminium Tariffs
    February 10, 2025 20:22

    PM Heads To France For Ai Summit, Trump Says He Will Announce 25% Steel, Aluminium Tariffs

  • Rahenge Swachh To Banege Swasth: Ayushmann Khurrana
    February 10, 2025 0:30

    Rahenge Swachh To Banege Swasth: Ayushmann Khurrana

  • Manipur News Today | Heavy Security Deployment In Parts Of Imphal, A Day After CM's Resignation
    February 10, 2025 1:52

    Manipur News Today | Heavy Security Deployment In Parts Of Imphal, A Day After CM's Resignation

  • Aero Show 2025 Bengaluru | IAF LCA Tejas Mark 1A Performs 'Daredevil' Manoeuvres In The Sky
    February 10, 2025 0:54

    Aero Show 2025 Bengaluru | IAF LCA Tejas Mark 1A Performs 'Daredevil' Manoeuvres In The Sky

  • PM Modi France Visit Latest | PM Narendra Modi Departs For France
    February 10, 2025 2:52

    PM Modi France Visit Latest | PM Narendra Modi Departs For France

  • President Murmu Mahakumbh | President Droupadi Murmu Takes Holy Dip At Maha Kumbh In UP's Prayagraj
    February 10, 2025 2:55

    President Murmu Mahakumbh | President Droupadi Murmu Takes Holy Dip At Maha Kumbh In UP's Prayagraj

  • Rocket Ammunition Found During Searches In Punjab's Patiala
    February 10, 2025 1:15

    Rocket Ammunition Found During Searches In Punjab's Patiala

  • Donald Trump To Announce 25% Steel, Aluminium Tariffs
    February 10, 2025 1:17

    Donald Trump To Announce 25% Steel, Aluminium Tariffs

  • Ranveer Allahbadia Samay Raina | “Disgusting…”: NCW Ex-Chief Slams Ranveer Allahbadia, Samay Raina
    February 10, 2025 0:57

    Ranveer Allahbadia Samay Raina | “Disgusting…”: NCW Ex-Chief Slams Ranveer Allahbadia, Samay Raina