IRDAI forms committee to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies; Head- M.R. Kumar

IRDAI forms committee to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies; Head- M.R. Kumar

IRDAI forms committee to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies; Head- M.R. Kumar

  • Insurance Regulatory and Development Authority of India (IRDAI) has formed a 9 member committee to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies.

  • The committee is headed by Shri. M.R. Kumar who is the Chairman of LIC.

What are indemnity-based health insurance policies?
Indemnity-based health policies are basically those insurance policies where the insured is reimbursed the actual expense incurred during hospitalisation up to the total sum insured agreed under the policy.

Source: Economic Times

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