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IRDAI considers allowing life insurers to offer indemnity health insurance plans

IRDAI considers allowing life insurers to offer indemnity health insurance plans

Wednesday, February 26, 2020, 9:07 AM

Soon life insurers may be allowed to offer indemnity-based health insurance policies also. A committee has been set up by the Insurance Regulatory and Development Authority of India (IRDAI) to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies. Currently, IRDAI (Health Insurance) Regulations 2016 allow life insurers to offer defined benefit-based health insurance products only.
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