Health Insurance for Senior Citizens - New IRDAI Regulations for Senior Citizens

Health Insurance for Senior Citizens - New IRDAI Regulations for Senior Citizens

Business Today

Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024, have come into effect on 1 April 2024. IRDAI had previously set an entry age of ‘at least up to 65 years’ for insurance companies to provide health insurance coverage. But only a handful insurers actually provided health policies to first-time buyers beyond 65 years. The revised guidelines include a reduction in waiting periods, now capped at a maximum of three years, down from the previous four years. This is in line

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