The Insurance Regulatory and Development Authority (IRDA) has expressed its concern at the low premium charged by some government health insurance schemes and the rampant undercutting of rates by public sector general insurers.
Speaking to reporters on the sidelines of an insurance seminar, IRDA chairman Hari Narayan said, "The insurers are managing with investment income. If the Sensex goes down to 9,000 points then insures will not have a cushion."
Narayan said IRDA has started playing disciplinarian role in addition to a developmental one.
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