Major insurance companies refuse to include AYUSH treatment in mediclaim policy
Major insurance companies in the country are refusing to abide by the IRDA (Health Insurance) order to include AYUSH products and services in the mediclaim insurance policy JUST citing ignorance on this matter to avoid providing coverage to the ISM sector under mediclaim policy. IRDA issued a directive in this regard sometime in last February after repeated representations from ayush industry.
IRDA under section 5(1) of the IRDA (Health Insurance) Regulations, 2013, had issued a notification directing inclusion of the Indian System of Medicines (ISM) in the mediclaim insurance policy. But, no insurance companies have taken steps to comply with the IRDA order so far.
Ironically, the new regulation which came into force with effect from February 18, 2013, states that the insurers may provide coverage to non-allopathic treatments provided the treatment is taken in a government hospital or in any institute recognised by government and or is accredited by Quality...



