IRDAI asks insurers to expand coverage for home care treatments

This could be done in two ways – one is that if an existing policyholder wants the home care add-on covered in the policy, he can reach out to the insurance company and take that package over and above the existing policy. He will be charged the additional premium by the insurance company. The second is that on the issuance of new policies where these add-ons could be given right from the inception.

As far as the consumer angle is concerned, the premiums could be about 15-20 percent higher as compared to the existing health insurance policy premiums which these policyholders are paying.