Question

What important changes were introduced in the Health Regulations, 2016 regarding health insurance products?

a.

Life Insurance Companies can offer long term health products with premium reviews every year.

b.

Non-Life and Standalone Health insurance companies can offer individual health products with a maximum tenure of one year.

c.

Insurance companies are not allowed to offer innovative ‘Pilot-Products'.

d.

Both a and b

Answer: (d).Both a and b Explanation:The Health Regulations, 2016 introduced changes such as allowing Life Insurance Companies to offer long term health products with premium reviews every three years and enabling Non-Life and Standalone Health insurance companies to offer individual health products with a maximum tenure of three years.

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Q. What important changes were introduced in the Health Regulations, 2016 regarding health insurance products?

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