HDFC Life Chairman Deepak Parekh on Monday strongly batted for insurance companies to be allowed to sell pension and health covers.
While speaking at the Annual General Meting (AGM) of HDFC Life held in Mumbai, Deepak Parekh said that if Insurance Regulatory and Development Authority of India (IRDAI) allows insurers to sell pension and health policies, it would deepen risk coverage in the country.
Asking IRDAI to allow insurers to sell NPS like policies Deepak Parekh said, "Today, life insurance can only sell life insurance policies at their branches and through their employees.
They cannot, for example, sell NPS under the National Pension Scheme or health indemnity covers such as mediclaim," adding, "Allowing life insurers to distribute