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IRDAI Removes Age Cap on Health Insurance Purchases, Expands Coverage for Pre-existing Conditions

Previously, individuals were restricted by an age limit of 65 years for acquiring new health insurance policies. However, the recently released regulatory changes now enable individuals of any age to procure new health insurance coverage…. - Newsx

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People Above 65 Can Also Buy Health Insurance Now

The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024.

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New health insurance regulator may arrive faster than we thought

The proposed sectoral watchdog would also address issues such as standardization of treatment costs and fast settlement of claims

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IRDAI clears decks for Bima Sugam for buying, selling, settling claims for insurance policies

Bima Sugam will list insurance products from all life, health, and general insurance categories, providing a comprehensive one-stop shop for insurance needs.

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What do IRDAI s draft regulations on insurance policies mean for policyholders?

IRDAI has recommended an extension of the free look period for life and health insurance policies. Additionally, the insurance regulator has drafted regulations consolidating separate regulations.

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