Health insurance firms to create database on fraudulent claims

For the latest reporting month of May 2017, general insurance premium has risen by 15.95%

India’s health insurance companies have banded together to create a database of hospitals and nursing homes that encourage fraudulent claims.

The umbrella body of insurance firms, the General Insurance Council (GI Council), has written to firms selling health insurance to share data on claims they recognise as fraud. The step comes after more than two years of effort by the GI Council to make companies see value in joint action to stamp out the cases where medical establishments inflate bills or provide tailor-made bills to make claims. 

GI Council Chairman R Chandrasekaran told Business Standard the measure was independent of