All Insurers (Except
ECGC and AIC)
Sub: Disclosure of
underwriting philosophy of offering Health Insurance Coverage to Transgender
1. Reference is drawn
to the provisions of IRDAI (Health Insurance) Regulations, 2016 in accordance
to which every insurer shall evolve a health insurance underwriting policy
covering approach and aspects relating to offering health insurance coverage
not only to standard lives but also to substandard lives. Attention is also
drawn to provision of The Transgender Persons (Protection of Rights) Act, 2019.
2. Reference is also
drawn to the circular (Ref.No: IRDAI/HLT/MISC/CIR/129/06/2020 dated 2.6.2020)
issued by Authority on disclosure of underwriting philosophy of offering
insurance coverage to Persons with Disability (PWD), people affected with
HIV/AIDS and Mental Illness diseases directing all insurers to publish on their
respective company’s website the aspects of underwriting philosophy and
approach with regard to offering insurance coverage to the above referred
category of population.
3. In consonance with
above, all the insurers now are further instructed to publish on their
respective websites the aspects of underwriting philosophy and approach with
regard to offering health insurance coverage to transgender persons so that the
targeted population may have complete information on the philosophy that
insurers adopt in this regard.
4. All insurers
(Life, General and Health Insurers) are here by directed to comply with the
aforesaid instructions immediately.
5. This has the approval
of the competent authority.
( DVS RAMESH)