Deepak Parekh urges IRDAI to allow insurers to sell pension, health policies

 

Deepak Parekh that globally, both pension and health covers are very much part of life insurance as they protect people from longevity and morbidity risks. (PTI)

• HDFC Life Chairman Deepak Parekh also asked the Insurance Regulatory and Development Authority of India (IRDAI) to assess a life insurer's performance by capping expense limits, the way capital markets regulator SEBI has done for mutual funds with the total expense ratio (TER)
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HDFC Life Chairman Deepak Parekh on Monday strongly batted for insurance companies to be allowed to sell pension and health covers. While speaking at the Annual General Meting (AGM) of HDFC Life held in Mumbai, Deepak Parekh said that if Insurance Regulatory and Development Authority of India (IRDAI) allows insurers to sell pension and health policies, it would deepen risk coverage in the country.