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The Insurance Regulatory and Development Authority of India issues a circular regarding exclusions related to genetic disorders. The Supreme Court of India grants a stay on the judgment of the High Court of Delhi. The circular dated 19th March, 2018 stands abated until further orders. Insurers settle claims for all extant policies according to the terms and conditions of the policy contracts approved by the Authority.
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[Image omitted. See the official document.]
Ref: IRDAI/HLT/REG/CIR/143/09/2018
05th September, 2018
To All Life, General and Health Insurers,
Re: Circular dated 19th March, 2018 on exclusions related to Genetic Disorders
Reference is invited to Authority's Circular IRDAI/HLT/REG/CIR/046/03/2018 dated 19th March, 2018 issued in pursuance to the judgement of the Hon'ble High Court of Delhi (RFA 610/2016 & CM Nos. 45832/2017 dated 26th February, 2018) directing IRDAI to re-look at the exclusionary clauses in the insurance contracts and ensure that insurance companies do not reject claims on the basis of the exclusions relating to genetic disorders.
On 27th August, 2018, Hon'ble Supreme Court of India while hearing Special Leave Petition (Civil) Diary No(s). 29590/2018, has granted stay on the operation of the said judgement of the Hon'ble High Court of Delhi to the extent of the conclusions and reliefs granted under (F.1)(i) to (v) in the said judgement until further orders.
In view of the above stay granted by the Hon'ble Supreme Court of India, Circular no. IRDAI/HLT/REG/CIR/046/03/2018 dated 19th March, 2018 stands abated until further orders.
However, the claim settlement in respect of all extant policies shall be as per the terms and conditions of the policy contracts as approved by the Authority in accordance to the applicable regulatory framework.
[Image omitted. See the official document.]
Member (Non-Life)
सर्वे नं. 115/1, फाइनेंशियल डिस्ट्रिक्ट, नानकरामगुडा, हैदराबाद-500 032, भारत Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India (T) : +91-40-2020 4000,फैक्स : +91-40-2020 4555 (T) : +91-40-2020 4000, Fax : +91-40-2020 4555 वेबसाइट : www.irdai.gov.in Website : www.irdai.gov.in
