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Around 400 million medical-insurance policyholders are likely to benefit once the plan is implemented.
In the wake of recent clashes between insurance companies and hospitals, IRDAI has been exploring ways to resolve such incidents.According to an order issued by the General Insurance Council (GIC) secretary general Inderjeet Singh dated August 1, the committee will provide weekly updates, with an aim to introduce nationwide cashless settlement by the end of October. The committee is headed by S Prakash, former managing director of Star Health and Allied Insurance Company.
Alongside, Shekar Sampath Kumar, who had played a key role in standardisation of rates for medical procedures for PSU general insurers a decade ago, has been roped in by IRDAI as GIC’s director of health insurance for three years.
Kumar, an insurance ombudsman at Chennai, is expected to take up the new assignment by the end of this month, two sources familiar with the development have confirmed.
In his new role, Kumar, who will be based in Chennai, will work towards bringing all hospitals under the cashless facility, implementing common procedural rates for them.
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