Irdai sets up consultative committee to increase health insurance

15-member panel asked to identify challenges for health insurance business

India’s insurance regulator has set up a 15-member committee for two years, asking it to give suggestions for increasing health insurance coverage in the country.

The 15-member committee is headed by Rakesh Joshi, member at Insurance Regulatory and Development Authority of India (Irdai), and it will have representatives from the healthcare and insurance industries.

From the healthcare industry, Devi Prasad Shetty, chairman of Narayana Health; Naresh Trehan, chairman and managing director (MD) of Medanta Heart Institute; Alexander Thomas, national president of Association of Healthcare Providers India; Arati Verma, senior vice president of Max Healthcare, and Ajay Nair will be part