How will a standard health insurance plan help customers?

The Insurance Regulatory and Development Authority of India (Irdai) has issued draft guidelines for a standardised health insurance product. The rationale behind a standard policy is to give customers access to basic health insurance that doesn’t come with bells and whistles. A standardised product will make it easy for customers to understand and compare health insurance. Some experts feel it may also make porting health insurance policies between different insurers possible. Deepti Bhaskaran asks experts if a standardised product will indeed make all this possible:

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