What’s the news?
Insurance regulatory development authority of India (IRDAI) has announced a new norm that compels them to club together all the exclusions of a mediclaim policy and put it
What’s the objective?
Often when the policyholder is not well versed with the exclusions of the mediclaim policy, s/he at times ends up making claim for the excluded ailments.
In addition, it will be obligatory for the insurers to update their websites as and when a product is modified or withdrawn. The new norms are intended to guard the policyholders from any sort of misleading information about the policy.
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(Source and Credits: Live Mint)