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ARTICLE · 06 SEPTEMBER 2016

Health Insurance Regulations & Guidelines: The Recent Overhaul

Tuli & Co
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Health insurance business in India has, traditionally, been regulated by the framework governing general insurance business as issued by the Insurance Regulatory and Development Authority of India (IRDAI)...

IndiaInsurance
Celia Jenkins
Celia Jenkins
Damini Ghosh
Damini Ghosh
Priya Misra
Priya Misra
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Health insurance business in India has, traditionally, been regulated by the framework governing general insurance business as issued by the Insurance Regulatory and Development Authority of India (IRDAI) from time to time. However, due to a series of developments, a need was felt for creating a specific framework for the development and operation of health insurance products. In 2013, the IRDAI issued the IRDA (Health Insurance) Regulations 2013 (Health Regulations 2013) along with the Guidelines on Standardization in Health Insurance of 20th February 2013 (Standardization Guidelines 2013) which set out the procedures and requirements for filing health insurance products and certain follow through operational requirements.

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