IRDAI to health insurers: Make products more consumer-centric

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Pricing has made health insurance unaffordable to many: IRDAI Chief

The Insurance Regulatory and Development Authority of India will recommend to the government that statutory changes be brought in to allow health insurance providers to offer value-added services, IRDAI Chairman Debasish Panda said on Tuesday.

Nudging health insurance providers to overhaul their products, pricing and distri- bution strategies so as to be more consumer-centric, Panda wanted the industry to prepare a roadmap that will help reinforce policyholders' trust in health cover. The roadmap should focus on the three mantras of "awareness, accessibility and afforability", he said.

Source: Pressreader