Rangachary favours control system for health insurers

A proper control system is needed for insurance companies offering health cover, felt former Irda chairman and financial advisor to Andhra Pradesh government N Rangachary, reports Financial Express.

Participating in a seminar ‘Employee Retirement Benefits and Health Care: Ageing Asia Work Force Survey, 2006’ by Watson Wyatt World Wide here on Tuesday, he said that though there was no regulatory restriction on the age for insurance cover, insurance companies a middle-age persons coming under the cover. More....