Health insurance cashless claims to be settled in 3-hours: IRDAI
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The Insurance Regulatory and Development Authority of India (IRDAI) has issued a new master circular to expedite health insurance cashless claims settlement. This directive, which replaces 55 previous ones, mandates insurers to grant final authorization within three hours of receiving the discharge request from the hospital. The regulator stated, "In no case, the policyholder shall be made to wait to be discharged from the hospital."