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Regulator Irdai on Wednesday set up a panel of experts to examine the availability of health insurance products in the country considering the need of the Indian society and recommend suitable products and processes.
Health insurance has grown significantly in recent years and the trend is expected to continue in the coming years, said the Insurance Regulatory and Development Authority of India (IRDAI) while setting up the Health Insurance Advisory Committee. It said the insurance industry is offering various products/services to cater to the needs of the society and also bringing in innovative products/services regularly.
IRDAI also said it has taken various steps to ensure orderly growth of the health insurance industry, improving efficiencies of health insurance system and protect the interests of the policyholders.