Health insurers fear misuse of portability

CHENNAI: The insurance regulator's fiat giving unhappy health insurance customers the option to switch insurers evoked mixed response from the companies. "The circular is well drafted. It's a correct step and consumer-friendly move," V Jagannathan, chairman and managing director, Star Health and Allied Insurance, said. The Insurance Regulatory and Development Authority (IRDA) on Thursday allowed policy holders to change their existing insurer without any change in the premium outgo. Some

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