Chennai:
Insurance Regulatory and Development Authority of India (IRDAI) has permitted non-life insurers to sell the standardized health insurance policy prior to April 1, 2020.
In a circular dated April January 24, 2020, the insurance regulator said that insurers can offer the ‘Arogya Sanjeevani Policy’ – the standard health insurance policy before April 1, 2020.
The insurance regulator has said general insurers and stand-alone health insurers selling health insurance policies should offer ‘Arogya Sanjeevani Policy’ on or before April 1, 2020.
The regulator also said those insurers currently not offering indemnity-based health insurance policies will have to offer ‘Aroygya Sanjeevani Policy’ as and when they start selling the former product.
Earlier, the IRDAI had mandated non-life insurers to offer the standard health insurance policy from April 1, 2020.
Source: NDTV Profit
