"The Insurance Regulatory and Development Authority of India (IRDAI) issued a circular on 1 April 2024 that mandates all health insurance and individual health insurance policies to consider a minimum two-hour hospitalisation eligible for claims. Earlier, most policies required a minimum of 24 hours of hospital stay for claim eligibility, with exceptions only for certain day care surgeries or treatments. This new rule includes all types of planned and emergency procedures, vastly enhancing the policyholder's benefit."
"Health insurance plays a vital role in safeguarding Indians from mounting healthcare costs. With medical inflation rising and hospital bills becoming unaffordable, having robust individual health insurance is no longer an option but a necessity. Recognising this, the Indian insurance regulator made a crucial change in April 2024. Now, health insurance and individual health insurance plans must cover hospitalisation cases where the patient is admitted for as little as two hours."
The IRDAI mandated on 1 April 2024 that all health and individual health insurance policies recognize a minimum two-hour hospitalisation as eligible for claims. The prior norm commonly required a 24-hour inpatient stay, with limited exceptions for certain day care procedures. The new rule applies to both planned and emergency procedures, expanding claim access to shorter-stay treatments. The change aligns insurance coverage with medical advances that enable faster surgeries and quicker recoveries. The regulation reduces barriers to claims, broadens access to modern treatments, and strengthens financial protection against rising healthcare costs.
Read at Classic Yoga
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