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.
Source: moneycontrol.com
