Health insurance: IRDAI sets 3-hour time limit for insurers to clear cashless claims. Details here

Health insurance: IRDAI sets 3-hour time limit for insurers to clear cashless claims. Details here

The Insurance Regulatory and Development Authority of India (IRDAI) has made some major changes in the regulatory norms for health insurance policies. The regulator has issued a comprehensive Master Circular on Health Insurance Products repealing 55 circulars. All the entitlements in a health insurance policy available to a Policyholder have been brought in one place … Read more

ITR filing FY2024: What tax benefits do senior citizens receive on medical insurance 

ITR filing FY2024: What tax benefits do senior citizens receive on medical insurance 

Maintaining proper management of health conditions is imperative to prevent complications in later years, as individuals become increasingly susceptible to ailments. Considering the substantial medical expenses prevalent today, a comprehensive health insurance policy can be invaluable in mitigating the high costs associated with hospital stays and medical consultations.  The Insurance Regulatory and Development Authority of … Read more

Health insurance: 52% policyholders say their yearly premium has gone up by over 25% in 12 months

Health insurance: 52% policyholders say their yearly premium has gone up by over 25% in 12 months

A survey has highlighted that a majority of policy owners that their insurance premiums have already increased in the last one year much before the Insurance Regulatory and Development Authority of India (IRDAI) removed the age limit restriction for buying a health insurance policy.  In April 2024, the IRDAI removed the age limit restriction for … Read more