*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Who would you like to insure?
Do you have an existing illness or medical history?
This helps us find plans that cover your condition and avoid claim rejection
What is your existing illness?
Select all that apply
When did you recover from Covid-19?
Some plans are available only after a certain time
IRDAI also said that insurance companies promote fitness amongst health insurance policyholders by offering health-specific services, such as outpatient consultations or treatments, pharmaceuticals or health check-ups. Further, the cost for these services would have to be adjusted in the price of the underlying health insurance product.
Also, IRDAI said that the premiums charged from senior citizens for health insurance products should be fair, transparent, justified, and duly disclosed upfront. He added that in case of any underwriting loading charged as filed and cleared over and above the premium, the insured has to be informed in writing. Before issuance of a policy, a specific consent for such loadings has to be obtained from the policyholder.
Establishment of a separate channel, to look after the health-insurance-related claims and grievances of senior citizens, has also been called for by the regulator.
IRDAI has also presented its norms regarding 'combi products', which would be a combination of a health insurance policy and a life insurance policy. The regulator has stated that both the partners offering the parts of the combi products should make prior and clear disclosures. There would also be a 'lead' insurer in these products.
18 Jan 2023India is abuzz with a variety of health insurance plans to cater
18 Jan 2023Cashless claims are one of the most lucrative benefits of buying a
30 Dec 2022The Insurance Regulatory & Development Authority of India
20 Dec 2022Cancer is one of the biggest demons that the world faces today
20 Dec 2022Demand for insurance products in India, especially health