STAFF WRITER 18:56 HRS IST
New Delhi, July 30 (PTI) Insurance regulator IRDA today said that it will soon come out with draft norms that define terms like critical illness and hospitalisation cost, among others, a move that will reduce the scope for disputes between insurers and hospitals.
"I carry with me the draft regulations (on health insurance policies). It will be out very soon," IRDA Chairman J Harinarayan said at a Ficci Health Insurance Conference here.
He said that the Insurance Regulatory and Development Authority (IRDA) would lay down a standard definition for major critical illnesses under health insurance, which would reduce confusion between Third Party Administrators (TPAs), insurers and policyholders.
New Delhi, July 30 (PTI) Insurance regulator IRDA today said that it will soon come out with draft norms that define terms like critical illness and hospitalisation cost, among others, a move that will reduce the scope for disputes between insurers and hospitals.
"I carry with me the draft regulations (on health insurance policies). It will be out very soon," IRDA Chairman J Harinarayan said at a Ficci Health Insurance Conference here.
He said that the Insurance Regulatory and Development Authority (IRDA) would lay down a standard definition for major critical illnesses under health insurance, which would reduce confusion between Third Party Administrators (TPAs), insurers and policyholders.
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