IRDAI and NHA to set up National Health Claims Exchange to settle claims

Tags: National News

The National Health Authority (NHA) and the Insurance Regulatory and Development Authority (IRDAI) have decided to develop a National Health Claims Exchange.

  • National Health Claims Exchange will be developed as a digital platform for settlement of health claims.

  • IRDAI President Debashish Panda has proposed to form a working group with industry representation.

  • This working group will decide how to attract as many people as possible to buy health insurance.

  • Insurance Regulatory and Development Authority of India (IRDAI)

  • IRDAI is a regulatory body, established under the jurisdiction of the Ministry of Finance.

  • It helps regulate and licence the insurance and reinsurance industries across the country.

  • It was constituted as per the Insurance Regulatory and Development Authority Act, 1999.

  • IRDAI is headquartered in Hyderabad, Telangana. It was shifted from Delhi to Telangana in 2001.

  • IRDAI is a 10-member body. It consists of the Chairman, 5 full time and 4 part time members. All the members are appointed by the Government of India.

  • National Health Authority (NHA)

  • National Health Authority implements India's public health insurance scheme named “Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)”.

  • NHA was set up to implement PM-JAY at the national level.

  • In states, state health agencies have been set up as a society or trust.

  • SHA has been given full operational autonomy for the implementation of this scheme.

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