The insurance regulator’s proposal to colour code health insurance policies may be a welcome approach, but a few kinks will need to be ironed out before the plan can become effective.
In yet another proactive move, the insurance regulator, Insurance Regulatory and Development Authority of India (Irdai), has come out with a proposal to segregate health insurance plans with colour coding and has asked the insurers for their feedback. In an attempt to “make product choic
