The Ministry and IRDAI are launching the National Health Claim Exchange (NHCX).
It is a digital platform which will bring together insurance companies, healthcare sector service providers and government insurance scheme administrators.
At present, the health insurance claims settlement process in the country is mostly manual and time-consuming.
The NHCX will serve as a gateway for exchanging claims-related information among various stakeholders in the healthcare and health insurance ecosystem.
Acting as a centralised hub for all health claims, the NHCX will significantly alleviate the administrative burden on hospitals.