NationalFriday, 10 April 2026·The Hindu
IRDAI sets up sub-committee to review and reform India’s health insurance ecosystem
IRDAI formed a sub-committee under its Insurance Advisory Committee to examine coverage, claims, fraud and pricing in health insurance.
Key highlights
Direct fact
In April 2026, IRDAI constituted a sub-committee under its Insurance Advisory Committee to review India’s health insurance sector, including coverage, claims experience, fraud detection and hospital pricing.
Key specifics
- IRDAI is a statutory body under the IRDA Act, 1999 and functions under the Ministry of Finance.
- The regulator is headquartered in Hyderabad after moving from Delhi in 2001.
- The panel will examine insurance penetration, product design and grievance redressal mechanisms.
- The National Health Claims Exchange (NHCX) is being used for standardized health-claims data exchange.
- The review also looks at portability and coordination between private and government-backed insurance schemes.
Exam lens
Question type: Regulatory body and scheme linkage; IRDAI, IRDA Act 1999, Hyderabad, NHCX. TNPSC may ask which authority formed a sub-committee to reform health insurance and where it is headquartered.