Comments
The Insurance Regulatory and Development Authority of India (IRDAI) is offering Rs 10,000 cash prize for suggesting a suitable name for a new health plan.
The insurance regulator has been working on introducing a mandatory standard indemnity-based health insurance product with a sum insured ranging from Rs 1,00,000 to Rs 5,00,000 on an individual as well as a family floater basis.
The only differential would be the premium rates that are charged by various insurers. It published draft guidelines on the standard health product in February this year.
“It is considered important to have a simple and catchy name to the proposed health product which would be appealing throughout the country. Suggestions are invited from the public,’’ it said.
Suggestions can be sent to the email id health@irdai.gov.in by December 10, 2019.
The Indian health insurance market is having a number of individual health insurance products, each with its own features and corresponding terms and conditions. The objective of a standard health plan is to facilitate the public to choose a suitable health insurance policy which provides coverage to basic hospitalization related expenses.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.