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Irdai reduces pre-existing disease waiting period from 4 to 3 years: Here is what existing policyholders should know

While the waiting period for pre-existing disease (PED) coverage in health insurance policies has been reduced from four years to a compulsory three years, the moratorium period has been shortened from 96 to 60 months.

Siddharth singhalRahulm mishraHealth insurance at policybazaarHealth insuranceDevelopment authorityInsurance regulatoryPolicy ensureBusiness headInsurance productsPre existing diseaseWaiting periodExisting policyholders

Here s how you can buy health insurance for your parents and claim tax-saving benefits at work

If your parents are aged below 60, you can claim a deduction of up to Rs 25,000 and if they are above 60, the maximum deduction goes up to Rs 50,000

Siddharth singhalHealth insurance at policybazaarIncome tax actBusiness headNaval goelHealth insuranceHealth insurance schemesHealth insurance benefitsIncome taxIncome tax saving

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