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Irda issues circular on health insurance

Irda issues circular on health insurance
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First Published: Wed, Apr 01 2009. 11 14 PM IST
Updated: Wed, Apr 01 2009. 11 14 PM IST
New Delhi: In the wake of several complaints from policyholders, the Insurance Regulatory and Development Authority (Irda) on Wednesday issued a circular asking all general insurers to renew all health insurance policies unless there are “instances of fraud or misrepresentation”.
In the past few months, Irda has received several complaints from policyholders that some insurers have declined to renew their health insurance policies citing increasing risks and claims.
It also asked insurers not to force a policyholder to shift to another health insurance product. It said insurance companies should communicate to policyholders whenever there’s a hike in premium rates.
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First Published: Wed, Apr 01 2009. 11 14 PM IST