Irdai allows general, health insurers to issue policies in electronic form

Insurance Regulatory Development Authority of India (Irdai) has allowed general and health insurers to issue policies in electronic form and this e-policy will become a norm in the future. Irdai has also focus towards making wellness a part of the insurance policy package.

The regulator has also asked the health insurance players to disclose the hospital parameters on their websites with effect from April 1, 2020. This will probably nudge the hospitals to up their services and the patients/public to know as to what is happening in hospitals.

Under these guidelines, Irdai has asked the insurers to disclose details such as doctor patient ratio, nurse patient ratio, facilities available in the hospital, number of deaths in the ICU and complete range of facilities so that all the stakeholders can benefit.