News From Press Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums

Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums

Source: ET May 1, 2024

In order to encourage more people to buy health insurance, the Insurance Regulatory and Development Authority of India (IRDAI) has omitted the mention of “65 years” from a key clause that required insurers to offer health covers to policyholders at least till they turn 65. After this recent amendment by the regulator, what will change for senior citizens? Will this move help thousands of uninsured senior citizens get health coverage?

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