IRDAI skipped mention of the 65-year entry age provision in its regulations effective April 1, but this does not mean it has eliminated any ‘cap’ that existed until March 31. Contrary to the chatter, some insurers are actually reducing the maximum entry age under their regular health policies. Senior citizens who are rejoicing should watch out for this googly.
Education counsellors say that overseas universities often advise students to purchase insurance policies with more comprehensive terms and a broader network of cashless hospitals and clinics in the host country. Meanwhile, Indian insurers believe that the reluctance to accept their policies is influenced by the universities partnerships with local insurers in their respective countries.
War and war-like situations are exclusions – that is, expenses that insurance policies will not pay for – and in any case, only government-operated evacuation flights are likely to be permitted to carry out operations under such circumstances, say insurers
Insurance firms will pay for any hospitalisation linked to mental ailments, but OPD treatment will be covered only if specifically included in the policy.