Question : PORTABILITY IN INSURANCE SECTOR



(a) whether the Government has issued guidelines for allowing portability in the insurance Sector;

(b) if so, the details thereof and if not, the reasons therefor;

(c) the time by which such guidelines aTe likely to be enforced; and

(d) the other steps taken/being taken by the Government in this direction?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)

(a) to (d): Yes, Sir. The Insurance Regulatory and Development Authority (IRDA) is working on portability of all similar health insurance policies. The exposure draft in this regard is expected to be released by IRDA shortly for feedback/comments of stakeholders and public.