Page 27 - Insurance Times Janaury 2021

DEBATABLE

POLICY

I n the month of September 2020, to promote wellness for renovation of the governing norms handling such

benefits, in order to allow General and Health insurers to
benefits and preventive outlooks, the Insurance
Regulatory and Development Authority of India issued
design products which equal some of the health insurance
guidelines to insurance players and instructed them
to incorporate features that push policyholders to offerings available in foreign parts and permit policyholders
to additional privilege from fitness exertions and other
maintain and recuperate their health. health centric choices.

In recent past the consciousness about strong health, Since 2016, the norms under R19 of the IRDAI Health
wellness and fitness has led to a substantial development in Insurance Regulations 2016 as well as Chapter VII
the health insurance sector. Earlier in the year 2016, the "Guidelines on Wellness Features or Benefits" of the
IRDAI recognized the necessities of such consumers and "Guidelines on Product Filing in Health Insurance Business"
launched norms on evolving health insurance products ruled the provision of wellness and preventive health care
including wellness and preventive benefits. With the topographies provided under health insurance plans. The
development of the sector and a surge of health insurance IRDAI in 2019, informed amendments in regulations of
products offering enticements to policyholders to embrace Health insurance and replaced them under R19 of the
a fitter lifestyle by way of many ways, the time has ripen Health Insurance Regulations.

These alterations are intended to strengthen the provisions
About the author governing wellness under the Health Insurance Regulations
and the Product Filing Guidelines, into a single collection of
Shivanand Pandit relevant guidance. Now in 2020, the IRDAI notified the
Tax Specialist, Financial Adviser, "Guidelines on Wellness and Preventive Benefits" which
Guest Faculty and Public Speaker based replace the applicable wellness norms under the Product
in Goa
Filing Guidelines.
The Insurance Times, January 2021 27