Common portal for health insurance claim settlements on the cards

Regulator aims to usher time-bound settlement of claims and eliminate disparity in charges among different for some common procedures

The settlement of health insurance claims could soon be a matter of a few clicks, as the Insurance Regulatory and Development Authority of India (Irdai ) is planning a common portal for the process.

The insurance regulator is seeking to bring all stakeholders in the health insurance space — insurers, the insured, as well as hospitals — under one roof with an aim to standardise the claim settlement procedure and ensure payment in a time-bound manner, T L Alamelu, member (non-life), Irdai, said on Friday. 

Irdai has also formed a committee to look into the matter, and the platform will