Earlier, IRDAI had asked insurer to evolve a health insurance underwriting policy covering approach and aspects relating to offering health insurance coverage not only to standard lives but also to substandard lives
Hyderabad:
The insurance regulator IRDA has instructed all insurers to publish on their websites the details of offering health insurance coverage to transgender persons so that the targeted population may have complete information on the philosophy that insurers adopt in this regard.
Earlier, IRDAI had asked insurer to evolve a health insurance underwriting policy covering approach and aspects relating to offering health insurance coverage not only to standard lives but also to substandard lives.
The IRDA has also drawn insurers’ attention to provision of `The Transgender Persons (Protection of Rights) Act, 2019” along with its own circular on disclosure of underwriting philosophy of offering insurance coverage to Persons with Disability (PWD), people affected with HIV/AIDS and mental illness diseases directing and has asked insurers to publish on their respective company’s website the details of offering insurance coverage to the all these categories of population.
All insurers (Life, General and Health Insurers) are here by directed to comply with the aforesaid instructions immediately.