IRDAI chief T. S. Vijayan today batted for cost standardisation in health insurance, saying the cost should be comparable at least locally or within a city. “There is a need for cost standardisation in the health insurance sector... at least among hospitals. If someone is having some procedure in a hospital, it should be comparable with another hospital in the same city,” the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) said at FICCI’s annual health insurance conference here.
He also laid a premium on insurers making their policies simple and affordable for a wider reach so that these are availed of by the needy and the uncovered. The government’s push for health insurance is to go up substantially because healthcare should reach everybody in society and should be inclusive, Vijayan stressed.
