IRDA Rule for Cashless Treatment: Giving a good facility to those seeking cashless treatment, the Insurance Regulatory and Development Authority of India, IRDA has allowed general insurance companies to choose network providers or hospitals as per their standards. IRDA has taken this step with an aim to relax norms for ‘cashless’ facility.
IRDA released this information on Wednesday
Giving this information on Wednesday, the insurance regulator said that the ‘Guidelines on Standardization in Health Insurance’ have been revised to give effect to the new norms.
Letter issued to TPA and insurance companies
IRDA has said in a letter issued to insurance companies and Third Party Administrators (TPAs) that insurers now have the right to empanel network providers who are compliant with their standards and norms. This step has been taken with the aim of expanding the scope of ‘cashless’ facility in the country. Earlier, only network providers registered in the Registry of Hospitals of Insurance Network (Rohini) managed by Insurance Information Bureau (IIB) could be empaneled by insurers.
What IRDA said in its circular
IRDA has mentioned some other things in its circular and said that before empanelment of any hospital, insurance companies must consider the basic facilities. Thereafter, the revised hospital norms should be published by the Board on the official website.