Insurance
Regulatory and Development Authority (IRDA) has informed that the insurance
coverage to AYUSH treatments has been facilitated through the Regulation 5 (1)
of the IRDA (Health Insurance) Regulations, 2013 which are published in the
official gazette and came into force with effect from 18.02.2013. As per this
regulation the insurers may provide coverage to non-allopathic treatments
provided the treatment is taken in a Government hospital or in any institute
recognized by Government and/or accredited by Quality Council of India/National
Accreditation Board on Health or any other suitable institutions. Insurance
companies like National Insurance Company, Star Health and Allied Insurance Co.
Ltd, L&T General Insurance Co. Ltd, are offering insurance cover for AYUSH.
This
was stated by Minister of State for Finance, Shri Namo Narain Meena, in written
reply to a question in the Lok Sabha today.
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