News From Press Group should have a minimum 20 members for health insurance: IRDAI

Group should have a minimum 20 members for health insurance: IRDAI

Source: The Economic Times Jan 20, 2016

Insurance sector regulator IRDAI today proposed a 'Group' should have a minimum size of 20 members to be eligible for issuance of a Group Health Insurance Policy.

Releasing an exposure draft on IRDAI (Health Insurance) Regulations, 2016, the authority also proposed that the "premiums filed shall ordinarily not be changed" for a period of three years after a product has been cleared in accordance to the product filing guidelines specified by it.

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