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Fair deal for elders - The Hindu BusinessLine

Start health insurance early to build track record, reduce waiting periods, and secure higher sum insured for future needs.

Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums

In a major reform, Insurance Regulatory and Development Authority of India (IRDAI) has removed the ceiling of 65 years for a person to buy a health insurance policy. Additionally, the waiting period for pre-existing conditions has been reduced from four to three years. Both these rules have been effective from April 1, 2024. Will these new rules help uninsured senior citizens get health coverage? How easy is it now to buy a health insurance policy for the first time at the age of, say, 70? Find out here

Will new insurance rules help senior citizens? | Explained

Will new insurance rules help senior citizens? | Explained

No, IRDAI has not eliminated any 65-year-age regulatory cap on issuing health policies to senior citizens. Here's what the norms mean

IRDAI skipped mention of the 65-year entry age provision in its regulations effective April 1, but this does not mean it has eliminated any ‘cap’ that existed until March 31. Contrary to the chatter, some insurers are actually reducing the maximum entry age under their regular health policies. Senior citizens who are rejoicing should watch out for this googly.