You save time, money and effort,
Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium
IRDAI to Issue Guidelines for Senior Citizen Health Insurance Product
The Insurance Regulatory & Development Authority of India (IRDAI) has decided to issue guidelines to insurance companies for a standard health insurance product for senior citizens. The decision comes as a positive step towards addressing the needs and issues faced by senior citizens when buying medical insurance.
Policybazaar exclusive benefits
- 30 minutes claim support*(In 120+ cities)
- Relationship manager For every customer
- 24*7 claims assistance In 30 mins. guaranteed*
- Instant policy issuance No medical tests*
*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
Back
All health plans cover Covid-19 treatment
- 1
- 2
- 3
- 4
Who would you like to insure?
Advantages of
entering a valid number
entering a valid number
- Home
- Health Insurance
- News - GHI
- IRDAI to Issue Guidelines for Standard Senior Citizen Health Insurance Product
Standard Health Insurance Product for Senior Citizens
The IRDAI is soon expected to issue guidelines to insurance companies in India for a standard health product for senior citizens. Based on these guidelines, the insurers are expected to launch a new health insurance product that covers the medical needs of people aged 60 years and above.
The new health insurance product is expected to help senior citizens who are either denied medical insurance or charged exorbitant premiums. It will enable elderly people to avail medical coverage when they need it the most.
The standard health product for senior citizens will have standardized coverage and exclusions across all insurers. Moreover, it will also have fixed waiting periods for senior citizens to raise a claim.
Search
Health insurance companies
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
Health insurance articles
Recent Articles
Popular Articles
02 May 2023
Health insurance plans often talk about two types of
06 Apr 2023
Buying health insurance has become one of our top priorities
20 Mar 2023
The seasonal H3N2 virus is rapidly spreading across India. As per
14 Feb 2023
Health is the biggest wealth in the true sense. No matter how much
18 Jan 2023
India is abuzz with a variety of health insurance plans to cater
