Know how the new “Use & File” approach by health insurance companies will benefit you
Updated: 06 Jun 2022, 08:02 AM IST
TL;DR.The IRDAI has ditched its “File & Use” approach in favor of the “Use & File” strategy for health insurance companies. This laxation in rules means more opportunities for insurers to introduce customized health products for customers along with greater responsibility towards product development and pricing.
Health insurance companies can now launch health products without the IRDAI's nod