Important Points for IC 27 - Health Insurance Exam
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The insurers have to manage different types of risks related to insurance contracts, liquidity, policy and market environment etc.
Health insurance regulations are needed in order to maintain the trust of the people in health insurance.
The regulatory structure comprises of the regulatory authority, licensing and registration mechanism, financial and product regulations along with price control.
The regulator uses off-site and on-site monitoring for the purpose of regulating the insurers conduct.
Insurance Regulatory and Development Authority of India has introduced several measures to protect the policyholders interest, address grievances and standardising the health insurance market.
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