Insurers can't deny cover for HIV+ patients: IRDAI

COIMBATORE: The Insurance Regulatory and Development Authority of India (IRDAI) has mentioned that HIV-positive people cannot be denied insurance coverage cover, until supported by way of actuarial studies. The regulator has requested insurers to stop discriminating against persons with HIV/AIDS.

IRDAI has made this mandatory after 'The Human Immunodeficiency Virus (HIV) and Acquired Immunodeficiency Syndrome (AIDS) (Prevention and keep an eye on) Act, 2017' came into drive from September 10. The Act bars insurance coverage corporations from discriminating against HIV-positive people. However, maximum insurance coverage corporations have stayed away from launching merchandise for HIV/AIDS sufferers due to pricing-related issues.

"If the immunity is low due to a person being HIV-positive, treatment expenses go up several times. The cost of tests and duration of stay in the hospital for HIV-positive patients would be much more compared to regular patients. That is why insurance companies are wary about offering cover for persons with compromised immunity," a senior business reliable mentioned.

New India Assurance Company CMD G Srinivasan mentioned, "The problem is that insurers do not have enough data to design a cover for HIV-positive patients. We can offer coverage for early-stage HIV-positive patients with certain caveats and conditions." Star Health Insurance was once the primary corporate in the country to come back out with an unique policy for such sufferers on a bunch basis. The 'Star Netplus Insurance Plan' is a special policy catering to HIV superb sufferers.
Insurers can't deny cover for HIV+ patients: IRDAI Insurers can't deny cover for HIV+ patients: IRDAI Reviewed by kailash soni on October 12, 2018 Rating: 5
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