Can the new Irdai chief bring in much-awaited reforms in insurance sector?

For Irdai Chairman Debasis Panda, LIC's fortune and reforms in health insurance sector will be the two most difficult tests to pass

Tales of overcharging by hospitals are not only common on social media but also elicit major support. These tales have become more strident in the post-Covid phase. Some changes could be happening with the current wave of orders from the sector regulator, the Insurance Regulatory and Development Authority of India (Irdai). “The regulator has made recent moves to think about managed health care as a possible idea. It is an opportunity to move forward from indemnity insurance, which is only what health covers in India currently offer”, said Nachiket Mor, eminent economist and currently Commissioner on the Lancet Citizens’ Commission