News From Press 3 changes in health insurance claim rules to help consumers: Reduced waiting period for pre-existing diseases, moratorium

3 changes in health insurance claim rules to help consumers: Reduced waiting period for pre-existing diseases, moratorium

Source: ET Wealth Apr 17, 2024

The insurance regulator has made it compulsory for health insurance companies to reduce the maximum waiting period to get complete health insurance coverage in case of pre-existing diseases (PED) from 4 years to 3 years. The regulator modified the definition of pre-existing disease in its IRDAI (Insurance Products) Regulations, 2024, notified on April 1, 2024. According to the notification, pre-existing disease (PED) means any condition, ailment, injury or disease:

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