IRDA calls for reduction in health insurers' capital requirements

The idea is to encourage the formation of at least 15 to16 new insurance companies to supplement existing capacity

IRDA calls for reduction in health insurers' capital requirements

The Indian Insurance Regulatory Development Authority's (IRDA) Working Group on Health Insurance has, in its draft interim report, recommended that the capital requirement for stand alone health insurance companies be reduced to Rs250mn (US5.7mn) from the current Rs1000mn.