IRDAI forms panel to review private health insurance facets

Insurance regulator IRDAI has constituted a sub-committee of the Insurance Advisory Committee to review the current landscape of private health insurance in India.

Coverage, penetration, claims experience, product design, grievance redressal and consumer experience will form part of the review. The sub-committee will recommend regulatory, policy, and operational measures to promote innovation, wider coverage, better risk pooling, and improved financial protection through health insurance.