Also Read | How Indians lived online during 2020The insurers are required to disclose premium/benefit illustration norms on or before April 1, 2021.Why there is a need for benefit illustration for health policies"Health policies have become complicated over recent years with the addition of several benefit options, for instance, add-ons, nil claim bonuses etc.
This is probably why health policies have not had a standard benefit illustration," said Chandan D. S. Dang, Executive Director, SecureNow.in, a Delhi-based online insurance broking firm.