LIC awaiting regulatory clarity to re-enter mediclaim segment: Chief
LIC chairman said that mediclaim policies are the best-selling 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.
'LIC' Keen To Re-enter Mediclaim Segment, Awaiting Regulatory Clarity: Chairman
Insurance behemoth Life Insurance Corporation (LIC) is keen to re-enter the mediclaim segment as and when the regulator provides clarity on the issue, its chairman has said. We are already doing a lot of long-term health protection and guaranteed health products.