NATIONAL insurer Life Insurance Corporation (LIC) will soon announce its foray into the health insurance segment, wherein it wants to be a large player, a top official has said.
The insurance industry, especially the life insurance players, was expecting the government to amend the Insurance Act to bring in a composite licensing regime wherein a life player could also offer non-life products such as the more lucrative health policies as well.
Currently, there are 70 players in the domestic insurance industry with nearly half a dozen of them being standalone health players and the rest selling life and general products.
Many countries, especially those in the West, offer composite licence, which was allowed here as well till 2016 when regulator Irdai barred life insurance players from offering general and health products.
هذه القصة مأخوذة من طبعة November 03, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 03, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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