ICICI Lombard, Meghalaya govt sign agreement for health insurance

ICICI Lombard General Insurance has signed an agreement with Meghalaya government to start a comprehensive health insurance scheme in the state.

The scheme—called Megha Health Insurance—would provide all households in Meghalaya with a financial cover of up to Rs. 1.6 lakh per year to cover in patient services irrespective of all income groups, an official statement said.

The agreement was signed between ICICI Lombard Associate Vice President Pranab Sharma and Megha Health Insurance Scheme CEO MR Synrem.

Meghalaya government said that ICICI Lombard was selected as the insurer after rigorous and competitive bidding processes involving six other contenders.