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No Age Limit To Purchase Health Insurance From April 1, Here Are The New Rules From Irdai

No Age Limit To Purchase Health Insurance From April 1, Here Are The New Rules From Irdai
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Siddharth singhalDevelopment authority of india irdaiInsurance regulatoryDevelopment authority

Irdai reduces pre-existing disease waiting period from 4 to 3 years: Here is what existing policyholders should know

While the waiting period for pre-existing disease (PED) coverage in health insurance policies has been reduced from four years to a compulsory three years, the moratorium period has been shortened from 96 to 60 months.

Siddharth singhalRahulm mishraHealth insurance at policybazaarHealth insuranceDevelopment authorityInsurance regulatoryPolicy ensureBusiness headInsurance productsPre existing diseaseWaiting periodExisting policyholders

New insurance rule: What is e-Insurance? Benefits of e-Insurance Account for policyholders | Business

Financial Literacy News: Starting April 1, 2024, you must keep your insurance policies in electronic format, similar to the way investors store shares in a demat account. The Insurance Regulatory and Development Authority of India (IRDAI), in its "Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers Regulations, 2024," has mandated that every insurer must have a board-approved policy for issuing insurance policies in electronic form, as stated in its notification.

Vivek benganiSiddharth singhalBusiness head of health insurance at policybazaarDevelopment authority of indiaStarting aprilInsurance regulatoryDevelopment authorityPolicyholder interestsAllied mattersInsurers regulationsInsurance accountCentral insurance repositoryInsurance accountsBusiness headHealth insuranceKnow your customer

Insurance new rule: e-Insurance in demat like format mandatory for all new policies from April 1, 2024; what is going to change?

e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule

Siddharth singhalVivek benganiDevelopment authority of indiaHealth insuranceGetty imagesInsurance accountPolicyholder interestsAllied mattersInsurers regulationsInsurance regulatoryDevelopment authorityCentral insurance repositoryBusiness headEconomic times news appDaily market updatesLive business

New insurance policies will be issued only in electronic format from April 1

The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for insurers to issue fresh policies digitally. This would ensure easier access to policies and make keeping track of policies across companies and segments simpler.

Vivek benganiSiddharth singhalDevelopment authority of india protection policyholderHealth insuranceInsurance regulatoryDevelopment authorityPolicyholder interestsCentral insurance repositoryBusiness headHome insuranceIrdai rulesRdai policyholder protectionHealth insuranceLife insurance