The Insurance Regulatory and Development Authority of India (IRDAI) is working with non-life insurance companies to launch simple insurance products which can be sold over-the-counter (OTC).
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Who would you like to insure?
Do you have an existing illness or medical history?
This helps us find plans that cover your condition and avoid claim rejection
What is your existing illness?
Select all that apply
When did you recover from Covid-19?
Some plans are available only after a certain time
As quoted by The Economic Times, Mr. T S Vijayan, Chairman, said, "We are working on introducing simple insurance products which can be sold over-the-counter and we have already come out with points-of-sales regulation for non-life products. We are also working with life insurers to launch such simple products which could happen later. We don't want any complex products to be sold through points-of-sales," he added after launching the Registry of Hospitals in Network of Insurance.” (Also Read: IRDAI Launches Centralized Health Insurance Portal)
Answering to a query why only a few foreign insurers have decided to increase their stakes from current 26% in spite of the new Insurance Act, Mr. Vijayan said, "I hope they are waiting for the right time to increase their stake".
15 Sep 2022Monkeypox has slowly and steadily spread to more than 85 countries...
06 Sep 2022As we grow old, the chances of developing a disease or a medical...
25 Aug 2022Ever since COVID-19 entered our lives, health insurance has come...
25 Jul 2022Monkeypox is the latest disease to make its way to India while we...
05 Jul 2022Barely any person has remained unaffected due to rising health...