News From Press Irdai proposes to standardise group insurance policies, issues draft guidelines

Irdai proposes to standardise group insurance policies, issues draft guidelines

Source: Mint May 3, 2022

The Insurance Regulatory and Development Authority of India (Irdai) has proposed to rationalize and standardize the administration of group health insurance products to protect the interests of the insuring public and the insured members of group schemes. The regulator has proposed to issue guidelines on ‘Group Insurance Products under Health Insurance Business and other operational matters’.

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