GI Council wants standard Covid treatment rates for easier claim settlement

Insurers will be guided by referral rates while processing hospitalisation claims. If actual charges exceed referral rates due to various medical exigencies, insurers will consider them while processi

The General Insurance Council (GI Council) has come up with an indicative rate chart for treatment of Covid-19 patients to guide insurance companies during the claim settlement process. The rates will be reviewed every month.

For cases where the rates charged are more than the indicative rates because of various medical exigencies, insurance companies will consider them while processing claims on a case-to-case basis.

Insurance experts said it may be difficult to set a tariff or fixed rates for Covid-19 treatment, hence an indicative rate chart has been proposed. Without this, in the event of exorbitant charges being levied by hospitals, the