Insurance companies will be able to make a panel of hospitals on their own, will this benefit or harm the patients?

New Delhi. Now insurance companies will be able to empanel hospitals on their own. Recently, the Insurance Regulatory and Development Authority of India (IRDAI) had given permission for this. IRDA has taken this decision with the aim of relaxing the norms for cashless facility of patients. It is believed that with this decision, patients will now be able to get the facility of cashless treatment in more and more hospitals. Under this, insurance companies will have to make a policy at the board level. After this, the insurance company can bring any hospital to the panel.

Let us tell you that IRDA has told the insurance companies that only those hospitals will be included in the panel, which will follow the rules framed by the Board of Insurance Companies. After this decision, the insurance companies have expressed happiness and said that after this decision, there will be improvement in the insurance companies inside the country. Now insurance companies will have access to most areas of the country and most hospitals.

What will be the benefit to the patients?
It is noteworthy that till now only those hospitals were allowed to be included in the panel, which had a certificate of NBH or were required to be registered in the Registry of Hospitals in the Network of Insurers of the hospital. Now IRDA has asked the insurance companies that they should consider the infrastructure before empanelment of any hospital. Along with this, it will be necessary to put the norms of the hospital as amended by the board on the official website.

Why are insurance companies happy with this decision?
Experts believe that after this decision of IRDA, the scope of cashless claims in hospitals will now increase more than before. Earlier, a few days ago, IRDA had given many more concessions to insurance companies, in which now insurance companies will be able to launch health and almost all general insurance products without the permission of the Insurance Regulatory and Development Authority of India. In order to insure every Indian, IRDA had changed the ‘use and file’ process. This step of IRDA will make it easier for the insurance companies to do business as well as it will also go a long way in bringing more and more people under the ambit of insurance.

The insurance company had to take prior approval from IRDA before offering any of its products.

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Till now the insurance company has to take prior approval from IRDA before offering any of its products. But, now after the changes in the rules by IRDA, the approval of the insurance regulator will not be required before launching health and almost all general insurance products. With this move of IRDA, more insurance products will come in the market.

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Tags: health insurance cover, Hospitals, Insurance Policy, Medical Insurance