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 of this consultative committee.
Neerja Kapur, chairman and MD of New India Assurance; Bhargav Dasgupta, MD and CEO of ICICI Lombard General Insurance, Mayank Bathwal, CEO of Aditya Birla Health Insurance, and Vibha Padalkar, MD and CEO of HDFC Life, will be part of the committee from the insurance industry.
The committee will also have representation from the third party administrators (TPA) with Nayan Shah, CEO, Paramount Health Services & Insurance TPA and Vikram Chhatwal, CEO, Medi-Assist Insurance as members.
