Health insurance: IRDA proposes uniform definition of key terms

NEW DELHI, JAN 14: 

The Insurance Regulatory and Development Authority (IRDA) has come out with standard definition of various key terms like critical illness with a view to bring in uniformity and promote health insurance.

“Health insurance addresses a major area of public concern. Although it is rapidly growing, access to health insurance still remains limited and add to it complaints especially due to variable interpretations of key policy terms are enormous,” the exposure draft on standardisation in Health Insurance of IRDA said.

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