IRDAI advocates for universal, affordable health insurance

1 Sep 2022 , 08:04 AM

On Tuesday, an insurance regulator argued persuasively for cost-cutting measures to make health insurance accessible to all.

Debasish Panda, Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), spoke at the “Health Insurance Summit 2022” and suggested that high operating and distribution costs, as well as hospital charges as indirect costs, would be factors influencing insurance price.

According to Panda, prices are likely exceedingly high, making insurance coverage expenses for many societal groups.

In order to make insurance cheaper, he added, “we have to look at ways of cutting the costs,” adding that insurers shouldn’t be put under undue strain.

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