Policybazaar official discusses IRDAI guidelines for split health insurance claims
1 report, 1 independent
Updated Jan 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The report detailed IRDAI guidelines on splitting a single health insurance claim between two or more insurers. Rohan Goel, Business Head of Health Insurance at Policybazaar, stated that the primary insurer must coordinate with other insurers regarding the balance amount, according to IRDAI's Master Circular on Health Insurance Business (29 May 2024). The report also noted that under indemnity-based health insurance, the combined payout cannot exceed the actual medical expenses incurred.
From indiatimes.com
Why it matters
These guidelines affect how health insurance claims are processed and paid out in India. This impacts the operational requirements and risk management for insurers and aggregators like Policybazaar.
From indiatimes.com
Who's involved
- Rohan GoelBusiness Head of Health Insurance at Policybazaar
- PolicybazaarIndian insurance aggregator
- PB Fintech LtdParent company of Policybazaar
- Amit ChhabraChief Business Officer of Policybazaar
- Info EdgeHolds a minority stake in PB Fintech