Important IRDAI regulations that changed the face of health insurance industry in 2020
Important IRDAI regulations that changed the face of health insurance industry in 2020
The health insurance industry in particular, as it was the most affected industry this year due to the ongoing COVID-19 pandemic, the industry went through a plethora of changes to provide protection to maximum number of people in India. December 24, 2020 5:18:42 pm
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Written by Vaidyanathan Ramani
Regulations and changes play an integral part in defining the growth and future of any industry and the insurance industry is no less. The Indian insurance industry – which is regulated by the Insurance Regulatory and Development Authority of India (IRDAI) – goes through a plethora of changes and developments every year to make the insurance products much more customer-centric. This helps consumers take maximum advantage of their insurance product