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Searched Tag: irdai
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that insurance companies must implement cashless settlement systems for health insurance claims by August 1, 2024.

IRDAI mandates cashless health claims by August 1

June 11, 2024, 06:01 PM - 2 min read

According to IRDAI’s Master Circular on health insurance business, insurers must decide on cashless authorisation requests within one hour of receipt and grant final authorisation within three hours of receiving the discharge request from the hospital.

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