General insurance companies are set to meet next week to discuss the proposed guidelines on standardisation of individual health insurance that makes it mandatory for all insurers to have a basic and uniform health insurance cover.
Sources said the insurers, under the umbrella body of the General Insurance Council (GIC), will meet on March 6, to discuss the design and pricing of the proposed standard health insurance cover.
“It is a preliminary meeting to see how best the industry, as a whole, can come out with a simple, standardised product,” said R Chandrasekaran, Secretary General, GIC.
