Standalone health insurance companies can now sell health cover through life insurance agents of other companies as well.
Till now standalone health insurers could avail the services of life insurance agents after converting them into composite agents in cumbersome manner as per Insurance Regulatory and Development Authority (IRDA) norms.
“It has been decided to waive mandated IC 34 certification for Life Insurance Agents desiring to distribute products of a Standalone Health Insurance Company,’’ J Hari Narayan, Chariman, IRDA said in a circular.