India, Aug. 22 -- The Insurance Regulatory and Development Authority of India (IRDAI) is considering introducing restrictions on health insurance premium increases in an effort to ensure affordability and stability for policyholders. The move, if implemented, could have far-reaching consequences for health insurers.

News The Insurance Regulatory and Development Authority of India (IRDAI), the apex body overseeing the country's insurance industry, is evaluating the possibility of imposing caps on health insurance premium hikes. This initiative is aimed at curbing steep increases in premiums, thereby maintaining affordability and providing long-term stability to policyholders.

For ICICI Lombard General Insurance, a leading player in the ...