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