2024-04-23 15:31:57
New Delhi: There has now been a big change in the health insurance policy. Now grandfather will also be able to take a health insurance policy. Actually, the Insurance Regulatory and Development Authority of India (IRDAI) has made a major change in the rules related to purchasing health insurance. IRDA has removed the age limit of 65 years for people purchasing the policy. Earlier, only people up to the age of 65 years could buy a new health insurance policy. Insurance regulator IRDAI has removed the age limit of 65 years for individuals purchasing a health insurance policy. This means that now even people above 65 years of age will be able to take a health policy.
rule applied
This rule has been implemented for health insurance policies effective from April 1, 2024. While abolishing the maximum age limit, Irdai has said in a circular that insurance companies should ensure that they have health insurance available for people of all age groups. The regulator has also directed health insurance providers to set up dedicated channels to deal with claims and complaints of senior citizens.
These changes have also been made
In its circular, IRDAI has also ordered insurance companies to offer health insurance policies to individuals with any pre-existing medical condition. It also prohibits insurance companies from refusing to issue policies to patients suffering from serious diseases like heart, cancer and AIDS, that is, companies cannot refuse to sell policies to people suffering from these serious diseases.
According to the circular, IRDAI has also reduced the health insurance waiting period to 36 months instead of 48 months. According to the notification, insurers are permitted to offer premium payment in installments for the convenience of policyholders. Whereas travel policies can be offered only by general and health insurers. It says there is no limit on AYUSH treatment coverage.