The Insurance Regulatory and DevelopĀ­ment Authority of India (Irdai) has focused in recent months on getting insurers to launch standard insurance policies. There is Saral Jeevan Bima for term insurance, Arogya Sanjeevani for health insurance, a standard personal accident cover, and so on. It recently came out with an exposure draft for standard travel insurance policies for domestic and overseas travel.

This policy will be launched on April 1. Will act as benchmark A standard policy can serve as a benchmark for customers. Sanjay Datta, chief of underwriting-claims and …


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