New Delhi, Oct. 28 -- Star Health and Allied Insurance Co. Ltd wants the insurance regulator to exclude regulation-driven covers from the numbers it will use to cap insurers' business-running expenses.

party insurance and government-sponsored health schemes should be excluded from the base used to determine the proposed limits on expenses of management (EoM), the company said on Wednesday during a post-earnings call with analysts. Management argued that government health programmes should ideally come at zero cost, so counting such business blurs what insurers actually spend on selling retail policies.

Apart from that, Star Health backed the Insurance Regulatory and Development Authority of India's (Irdai) distribution reforms and said ...