The Insurance and Regulatory Authority of India (Irdai), in a circular issued on Tuesday, allowed inclusion of 10 more insurers for medical treatments from its list of optional covers that were offered by health insurance companies.
In its guidelines on the Standardisation of Health Insurance, the insurance regulator has listed various medical procedures and equipment that are offered in a policy. And, it is optional for the companies to offer a cover for some the items and procedures (listed in chapter 3 of the guidelines). These are a part of the ‘non-payable' aspects of a standard policy.
