«A need was felt by IRDAI to revisit various areas of the health insurance framework such as products,
distribution, actuarial
related matters like pricing, claims experience, solvency, M&A, rural and social obligations, etc., so that the entire processes are streamlined to cater to the growing demands of the market for health insurance and also to enable companies to gear up well for meeting such demands in terms of innovation and servicing
capabilities,» said Ajay Bimbhet, managing director, Royal Sundaram Alliance Insurance.
Interviewed vendors and visited suppliers»
distribution centers to examine and evaluate products and
capabilities as
related to production requirements.