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  • Insurance IRDAI forms a committee to increase health insurance penetration

    IRDAI forms a committee to increase health insurance penetration

    The 15-member committee will identify concerns of policyholders related to health insurance.
    Team Cafemutual Nov 2, 2022

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    IRDAI has constituted a 15-member committee ‘Health Insurance Consultative Committee’ headed by Rakesh Joshi, Member, IRDAI to improve health insurance penetration.

    IRDAI said, “Health insurance needs to constantly evolve to keep pace with the changing canvas of healthcare. It should be able to comprehensively cater to the needs of those seeking to purchase insurance as a protection mechanism for health expenses. It is necessary for every family in the country to have a health insurance cover. The various elements in the health insurance value chain are required to be visited periodically in order to provide an enabling environment to achieve the goal of universalisation of health insurance in the country.”

    The committee will:

    • Suggest ways to improve health insurance penetration
    • Identify concerns of people related to health insurance
    • Recommend ways to facilitate ease of doing business
    • Identify changing dynamics in healthcare
    • Recommend product designs that is basic and simple to understand
    • Establish standardisation in procedures to capture, collate and analyse data

    Here is the list of members:

    • Rakesh Joshi, Member, IRDAI (Chairman)
    • A representative of National Health Authority
    • Dr. Devi Prasad Shetty, Chairman, Narayana Health
    • Dr. Naresh Trehan, Cardio-thoracic surgeon, Chairman and Managing Director Medanta Heart Institute
    • Dr.Alexander Thomas, National President, Association of Healthcare Providers India
    • Dr.Arati Verma, Sr.VP, Max Healthcare
    • Ajay Nair, CEO, SWASTH Foundation
    • Neerja Kapur, Chairman cum Managing Director, The New India Assurance
    • Mayank Bathwal , CEO, Aditya Birla Health
    • Bhargav Dasgupta, CEO, ICICI Lombard
    • Vibha Padalkar, CEO, HDFC Life Insurance
    • Dr.Nayan Shah, CEO, Paramount Health Services & Insurance TPA
    • Dr.Vikram Chhatwal, CEO, Medi-Assist Insurance TPA
    • Sarang Deo, Executive Director, Max Institute of Health Management,
    • Indian School of Business, Hyderabad
    • Yegnapriya Bharath, CGM, Health Department, IRDAI
    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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