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Tuesday, July 13, 2010

MediClaim Policy Axed


The Insurance Regulatory and Development Authority of India (IRDA) on Sunday said it has decided to examine the issue of insurance companies withdrawing the cashless facility for hospitalisation of patients to mediclaim policy holders.

IRDA chairman Hari Narayan told Mail Today that 'appropriate action' would be taken in the matter after discussing the issue with the concerned stakeholders.

"Let us examine the issue. We are gathering the background information from the insurers. We would then take appropriate action," J Hari Narayan told Mail Today on phone from IRDA's headquarters at Hyderabad. Asked whether there had been a breach of trust between the mediclaim policy holders and the insurers, he replied, "Let me first get into the issue. It would be too early to make any statement. The issue is being examined by us."

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