287
4 min read
The expansion of Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homoeopathy (AYUSH) Treatment to bring them at par with other treatments will likely open new doors of opportunities in the insurance industry.
In its new guidelines, the Insurance Regulatory and Development Authority of India (IRDAI) has directed the insurance companies offering general and health insurance plans to work toward removing any limitation towards offering health insurance policies with AYUSH treatment coverage.
Let us know more about this new health insurance rule regarding AYUSH treatment in health insurance in this post!
Table of Contents Show
AYUSH is the short form of (Ayurveda, Yoga, Unani, Siddha, and Homeopathy) therapies. Policies offering AYUSH coverage allow policyholders to avail of all the treatments that come under AYUSH, which serve as an alternative to allopathic treatment options.
Over the years, therapies and treatments under AYUSH have become increasingly popular to cure diseases. Despite that, not many health insurance companies in India cover AYUSH treatment under their policy. Looking at this scenario, the IRDAI has directed insurers to modify their existing policies to make AYUSH treatments equal to other healthcare treatments.
As per IRDAI’s recommendations, insurers must adhere to the regulator’s command to include AYUSH treatment under health insurance policies starting April 1, 2024. This allows policyholders the freedom to choose the treatment of their choice. The insurers are expected to include an AYUSH coverage policy approved by IRDAI.
Below are the key points that insurers are advised to comply with:
The insurers are expected to include an AYUSH coverage policy approved by the IRDAI. They are also required to summarize how they are going to treat AYUSH treatments at par with other modes of treatment for coverage under the health plans.
Insurers are also directed to modify their existing health insurance policies to remove all limitations concerning AYUSH treatment and to comply with the directives of IRDAI.
The parameters for joining AYUSH Hospitals and Day Care Centers under the health policies as network providers should be done to offer a cashless facility.
As per the directive of IRDAI, insurance companies will have reasonable control and SOP or Standard Operating Procedures for the following:
AYUSH Treatment Insurance policies are the health insurance plans that cover AYUSH treatments and are available with their list of policy inclusions and exclusions mentioned below.
Under the AYUSH health insurance treatments, policyholders can raise claims for the below-mentioned expenses:
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
AYUSH Treatment full form is Ayurveda, Yoga, Unani, Siddha, and Homeopathy.
AYUSH treatment means Ayurveda, Yoga, Unani, Siddha, and Homeopathy therapies. Policies offering AYUSH coverage cover policyholders for all the treatments that come under AYUSH, which serve as an alternative to allopathic treatment options.
AYUSH Treatment Insurance policies are the health insurance plans that cover AYUSH treatments and are available with their list of policy inclusions and exclusions.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
AYUSH treatments have recently generated massive popularity as an emerging branch of medicine. Looking at the increasing demand for the treatment, it has become imperative.
The year 2024 started with some groundbreaking measures and initiatives in the health insurance sector to facilitate policyholders with better health coverage and benefits. One.
Our knee is an important joint in the entire musculoskeletal system. The support and strength of the knee are pivotal for fluid movement and locomotion..
Updated on Jan 30, 2024 Understanding how OPD and IPD are two different terms in medical science, their coverage in health insurance plans and the.
Updated on Jan 23, 2024 February 10 marks the National Deworming Day observed every year across India. Let us understand the importance of deworming and.
Insurance is an indispensable requirement. However, not everyone can afford individual medical insurance to stay covered against major uncertainties, especially after retirement. If that is.
Updated on Feb 22, 2024 World Cancer Day aims at educating people and spreading awareness about detecting cancer and its prevention and treatment. Let us.
Updated on Jan 23, 2024 Rare Disease Day is an occasion observed on the last day of February every year. This year February 28 marks.
Cancer is a disease that needs no introduction. We all know how deadly the disease is and how rapidly it is spreading across the world,.
Updated on Jan 30, 2024 What is Insurance Regulatory and Development Authority (IRDA)? - Know in Detail The Insurance Regulatory and Development Authority of India.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2024 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue