IRDAI Constitutes Sub-Panel of IAC to Review Private Health Insurance Sector
In April 2026, the Insurance Regulatory and Development Authority of India (IRDAI) constituted a sub-committee of the Insurance Advisory Committee (IAC) to review the current scenario of private health insurance in India.
In April 2026, the Insurance Regulatory and Development Authority of India (IRDAI) constituted a sub-committee of the Insurance Advisory Committee (IAC) to review the current scenario of private health insurance in India.
- This initiative is part of ongoing efforts to improve policyholder experience and the penetration of health insurance. The emphasis will be on increasing trust and overall consumer experience.
Key Functions:
Review Various Health Parameters: The scope of the review encompasses: coverage, penetration, claims experience, product design, grievance redressal and consumer experience.
Advisory Role: It will recommend regulatory, policy, and operational measures to promote innovation, wider coverage, better risk pooling, and improved financial protection through health insurance.
Digital Transformation: The sub-committee will also examine the role of healthcare provider networks, hospital tariffs, fraud control, and digital systems in improving value to policyholders and reducing administrative inefficiencies.
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