IRDA Advisory: Add-on Cover for Home Care/ Domiciliary Treatment to existing policy holders

The Insurance Regulatory and Development Authority (IRDA) has issued an advisory to all General and Stand Alone Health Insurers (Except AIC and ECGC) stating that they must offer Add-on Cover for Home Care/ Domiciliary Treatment to existing policy holders. In this communication the IRDA has advised the insurers that they could offer Add-on Cover to all existing policy holders during mid-term by charging appropriate additional premium for the residual term of the policy, after submitting their proposal to the IRDA for approval.

Make-shift hospitals and temporary hospitals set up for treatment of COVID-19 patients, should also be considered as regular hospitals or adjunct to regular hospitals. Thus, the insured who takes treatment at such make-shift hospitals would also be able to avail of their insurance claims for treatment at such facilities.