Previously, individuals were restricted by an age limit of 65 years for acquiring new health insurance policies. However, the recently released regulatory changes now enable individuals of any age to procure new health insurance coverage…. - Newsx
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024.
Bima Sugam will list insurance products from all life, health, and general insurance categories, providing a comprehensive one-stop shop for insurance needs.
IRDAI has recommended an extension of the free look period for life and health insurance policies. Additionally, the insurance regulator has drafted regulations consolidating separate regulations.