Health Policies to Cover Ayurvedic Treatment Only from Accredited Institutions

30 September 2013

Health insurers will no longer cover ayurvedic treatment undergone in institutions not recognized by the government or accredited by Quality Council of India or National Accreditation Board on Health. Henceforth, non-allopathetic treatments like Ayurveda, Unani, Sidha, Homeopathy, will be covered under any health insurance policy on the condition that such treatment is undergone in a government hospital or an institute approved as above.

Non-allopathic treatment is sought after for ailments like kidney diseases. There are few mediclaim policies having Ayush coverage, and these often have sublimit as high as 10% of sum insured. Only in-patient treatment is covered. One of the problems facing coverage of non-allopathy treatment is lack of standardization of price.  

IRDA has also paved way for the benefit of cumulative bonus in Personal Accident covers provided by health insurers. Cumulative bonus is not allowed in benefit-based policies with the exception of Personal Accident.

In addition, it has said new health insurance policies with term less than a year do not need to offer free look period. Health insurance policies have a free look period of 15 days from policy start date during which policyholder can return the policy and get refund. This change is not likely to affect much because most health policies have a minimum term of 1 year.

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