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IRDAI suggests standardization and simplification of policy designs for health insurance policies

Published On 16 Jan 2020 09:07 AM


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Health insurance policies will soon be made more comprehensible. The insurance regulator has recommended standardizing and simplifying standard health benefit policies contract terminology. In doing so, India's Insurance Regulatory and Development Authority (IRDAI) is seeking to bring uniformity and clarity by insurance contracts.

According to the draft proposal of IRDAI, published on January 10, "The purpose of the Guidelin....


Tags : health, insurance, policies, policyholders , Grace period , laim Settlement ,
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