Soon Insurers to Offer Health-Plus-Life Combo Products

Soon life insurance companies will be allowed to tie-up with health insurance companies to offer health-plus-life insurance combi products. Product will be a combination of pure term insurance cover and health insurance cover.

Life Insurance Company will underwrite the term insurance policy covering life and non-life insurance company will underwrite health insurance policy. One life insurance company will be allowed to tie-up with only one non-life insurance company and vice-versa.