To eliminate confusion in the minds of consumers as far as purchasing insurance policies are concerned, the Insurance Regulatory and Development Authority of India (IRDAI) has launched a new product in 2020.
On January 2, the insurance regulator asked health and general insurers to offer products to cover the basic health needs of clients by offering them a minimum sum-insured of Rs 1 lakh and maximum of Rs 5 lakh.
In this episode of Reporter's Take, Moneycontrol's Shraddha Sharma talks to Preeti Kulkarni to find out what are the developments on the insurance front.
Watch the video for more.
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