Irdai reduces pre-existing disease waiting period from 4 to 3 years: Here is what existing policyholders should know
Now, health insurers cannot deny coverage for your pre-existing condition once you have completed the three-year waiting period on health insurance policies. The Insurance Regulatory and Development Authority (IRDAI) has updated the definitions of the pre-existing condition and moratorium period (MP) in health insurance policies effective from 1 April 2024. While the waiting period for … Read more