Which of the following statements about Medical Health insurance in India is are correct 1 nbs...........

Economic Affairs Pension and Insurance

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Which of the following statements about Medical Health insurance in India is/are correct?

1. Indian Medical Council is the nodal agency regulating Medical Insurance and Medical Insurance Policy in the country.

2. At present the Medical Insurance providers do not include mental illness under the ambit of medical insurance.

Choose the correct alternative

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Second option is correct.

Medical health insurance in India is regulated by the Insurance Regulatory and Development Authority of India or IRDAI.

The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.