New Delhi, April 8 -- India's insurance regulator has taken a significant step to improve the nation's health insurance landscape. The Insurance Regulatory and Development Authority of India (IRDA) has constituted a devoted sub-committee under its Insurance Advisory Committee, as detailed in a press release dated 7 April.

The main objective of this initiative is to enhance the policyholder experience and expand the reach of health insurance across the country.

This newly formed sub-committee will conduct a comprehensive review of the country's private health insurance sector. According to the press release, the key focus areas of this review will include coverage, claims experience, penetration, product design, grievance redressal and o...