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Innovative health insurance products on the anvil

Final sector regulations will lead to disease-specific covers and lower premium for the healthy

Priya Nair 

Imagine this: exercising regularly in a gym and bringing down your body mass index could bring down your health insurance premium. Similarly, having a health insurance policy from a younger age could bring down the premium when buying another policy later.

These are some of the key features that health insurance companies will be able to offer, after issuance of the final guidelines by the Insurance Regulatory and Development Authority of India (Irdai). Experimental products: Insurers can try out new products for five years and choose to withdraw or continue these, if they do not prove ...

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First Published: Sun, August 07 2016. 22:29 IST