To increase penetration of health insurance, working group of Insurance Regulatory and Development Authority (IRDAI) has given certain recommendations. The reach of health insurance can be increased by insurance providers by offering standard products to the people. The working group has also suggested standardization of conditions which are most often in use or applicable.

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Standardisation of general conditions will make it easy for average people to buy policies.

As per the suggestions given by the working group, different insurance covers should be converted into one standard product. The insurance companies must have the right to set price of the insurance premium.

However, the pricing of add-ons should not be unfeasible or impractical.

Moreover, the companies must get approval to launch health insurance policies on certification basis. The companies should get a freehand to innovate and bring policies in the market as per the requirements of the people.

IRDAI’s working group gives its recommendation for increasing penetration of health insurance

The reach of health insurance should be increased by insurance providers by offering standard products to the people :Source 

Conditions used often should be standardized: Source

Standardising general conditions to make it easy for people to buy insurance policies: Source

Different insurance covers should be converted into a standard product: Sources

Freedom to insurance providers to price their products but with responsibility: Source:

Pricing for add-onss must not be impractical: Source

Companies must get approval to launch health insurance policies on certification basis: Source

Companies should get a freehand to innovate and bring policies in the market as per the requirements of the people:  Source