Health Insurance Write For Us
health insurance market has some individual health insurance products. Each product has unique characteristics, and the insuring public may find it difficult to choose an appropriate product. Therefore,…the Authority has decided to make all mandatory general and health products claims to offer the standard individual health insurance product,” the regulator said.
The standard product must have the basic mandatory coverages. He added that the standard product could offer no supplement or optional coverage. The insurer can determine the price considering the ranges it proposes to provide subject to compliance with Irdai guidelines.
“The standard product will be offered only as compensation, and the policy term will be one year.”
The mandatory coverage of the standard health product includes hospitalization.
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