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Irdai to start colour coding of individual health plans based on complexity

The regulator has sought comments from all stakeholders on the matter by October 15

Topics
Health Insurance | IRDAI | Personal Finance

Subrata Panda  |  Mumbai 



Health insurance
Health insurance products are chosen by institutions who are normally considered as better informed entities

In order to further simplify the buying of by retail consumers and to help them make informed decisions, the Regulatory and Development Authority (Irdai) is set to introduce a colour coding system for all individual health products that will enable the customers to gauge the complexity of the product.

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First Published: Mon, October 05 2020. 18:07 IST

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