LIC keen to re-enter mediclaim segment, awaiting regulatory clarity, says Chairman M R Kumar

Mediclaim policies, which are indemnity-based health plans, are the best-selling health insurance products in the country. However, in 2016, the Insurance Regulatory and Development Authority of India (Irdai) had asked life insurers to withdraw indemnity-based health plans from the market. Life insurers since then have been allowed to offer only fixed benefit health plans.

LIC keen to re-enter mediclaim segment, awaiting regulatory
Globally, in most markets, life insurers sell health policies. Pic: Reuters

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