Waiting period for pre-existing diseases (PED) was cut down from 48 months to 36 months. After the expiry of this period, all diseases will be covered in the insurance net whether or not they were revealed at the time of buying the policy.
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.
With incomes falling and health insurance premium rates rising sharply, senior citizens are struggling to cope. Here are some ways to manage health insurance costs - Issue Date: May 28, 2023
With out-of-pocket expenses like doctor consultations, diagnostics and pharmacy bills not covered under regular health insurance policies, insurance plans with outpatient cover are slowly gaining traction - Issue Date: Apr 02, 2023