<p>The Insurance Regulatory and Development Authority (IRDA) has issued a circular to all the life insurers to provide life cover for people afflicted with HIV/AIDS and health cover.<br /><br /></p>.<p>All life insurers are required to put-in place a board approved underwriting policy with respect to life insurance products for people living with HIV/AIDS (PLHA), Minister of State for Finance Namo Narain Meena said in written reply to the Lok Sabha.<br /><br />According to the draft circular, all life insurers are required to put-in place a Board approved underwriting policy with respect to life insurance products for people with HIV.<br /><br />“The Circular provides that life insurance cover for PLHA should not be denied if the eligibility criteria as per the board approved underwriting policy are satisfied,” Meena said.<br /><br /> The Circular also provides for health insurance products offered by life insurers for those who are HIV negative at inception of the policy and acquire HIV / AIDS after commencement of insurance policy.<br /><br />It is suggested by some insurers that there should be specific provisions in the guidelines for mandatory disclosure of the diagnosis of HIV/AIDS by the proposed insured so that appropriate actions may be taken by the insurer.</p>
<p>The Insurance Regulatory and Development Authority (IRDA) has issued a circular to all the life insurers to provide life cover for people afflicted with HIV/AIDS and health cover.<br /><br /></p>.<p>All life insurers are required to put-in place a board approved underwriting policy with respect to life insurance products for people living with HIV/AIDS (PLHA), Minister of State for Finance Namo Narain Meena said in written reply to the Lok Sabha.<br /><br />According to the draft circular, all life insurers are required to put-in place a Board approved underwriting policy with respect to life insurance products for people with HIV.<br /><br />“The Circular provides that life insurance cover for PLHA should not be denied if the eligibility criteria as per the board approved underwriting policy are satisfied,” Meena said.<br /><br /> The Circular also provides for health insurance products offered by life insurers for those who are HIV negative at inception of the policy and acquire HIV / AIDS after commencement of insurance policy.<br /><br />It is suggested by some insurers that there should be specific provisions in the guidelines for mandatory disclosure of the diagnosis of HIV/AIDS by the proposed insured so that appropriate actions may be taken by the insurer.</p>
