News From Press Good news for health insurance policyholders! IRDAI revises definition of pre-existing diseases

Good news for health insurance policyholders! IRDAI revises definition of pre-existing diseases

Source: Financial Express Feb 11, 2020

The Insurance Regulator and Development Authority of India (IRDAI) has brought in changes to the definition of pre-existing diseases. Through a circular dated February 10, 2020, IRDAI has deleted ‘the additional/modified clause’ in its current definition of pre-existing diseases. Experts say this move could bring in a reduction in the claim rejection rates in health insurance policies.

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