LIC awaiting regulatory clarity to re-enter mediclaim segment: Chief

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

Mediclaim policies, which are indemnity-based health plans, are the best-selling health insurance products in the country. However, in 2016, the Insur..

LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman

I don't think it will be difficult for us as we already offer some of the health products, said MR Kumar

LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman

Recently, the new IRDAI Chairman Debasish Panda had said it was time life insurers re-entered the health vertical

'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.