News From Press Insurers receptive to covering chronic ailments, declare PEDs honestly

Insurers receptive to covering chronic ailments, declare PEDs honestly

Source: Business Standard May 2, 2024

The Insurance Regulatory and Development Authority of India (Irdai) recently issued the Irdai (Insurance Products) Regulations, 2024. This notification introduces several customer-friendly measures, including reducing the maximum waiting period for pre-existing diseases (PEDs), a shorter duration for conditions to qualify as PEDs, and a decreased moratorium period.

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