IRDA asks life insurers for details on health policies

Last Updated: Friday, November 13, 2009 - 22:22

New Delhi: Insurance regulator IRDA on Friday
asked all life insurers to give detailed information of their
health insurance policies in electronic form on half yearly
basis from next fiscal.

"It is hereby directed that all life insurance
companies shall submit the information in respect to all
health insurance policies issued by them," IRDA said in a
The information should contain date of commencement of
policy, its expiry date, the policy period.

Besides, they have to submit the information regarding
premium, charges, among others.

The insurers should submit these for the period ending
September and March of each financial year within a period of
one month from the last day of respective month, commencing
from the period beginning April 1, 2010.
"The above submission of electronic data by insurance
companies is in addition to the existing system of submission
of electronic data by the Third Party Administrators,"
Insurance Regulatory and Development Authority (IRDA) said.

Bureau Report

First Published: Friday, November 13, 2009 - 22:22

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