INSURANCE
Non-life insurers can offer standard health policies before April 1: IRDAI
Jan-27-2020

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted non-life insurers to sell the standardized health insurance policy before April 1, 2020. The insurance regulator in its circular dated January 24, 2020, said General and Health insurers can offer the 'Arogya Sanjeevani Policy', the standard health insurance policy before April 1, 2020.

It said all general and standalone health insurers (except ECGC, AIC) selling health insurance policies should offer 'Arogya Sanjeevani Policy' on or before April 1, 2020.  It also added those insurers currently not offering indemnity based health insurance policies will have to offer 'Aroygya Sanjeevani Policy' as and when they start selling the former product. It had earlier mandated non-life insurers to offer the standard health insurance policy from April 1, 2020.

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