Health Insurance Entry age for Senior Citizens

Introduction

This article writes about the maximum entry age for senior citizens to take the health insurance policies. IRDA has imposed new rules to the insurer to increase the entry age. This article will write about the new age limit and exisitng age limit for each insurer. Post your feedback in the comments section. Subscribe to our future articles here.

Maximum Entry age

If you are senior citizen and below 65 age then there is no need to worry for getting the regular insurance policy. The Insurance Regulatory and Development Authority (Irda) has asked general insurance companies to keep at least 65 years as the maximum entry age for a health insurance policy.

Across the 16 insurers that offer health insurance policies in India, there are many choices. However, once you are over 50 years, your options get limited—most insurers do not offer fresh covers beyond this threshold

The regulator aims at addressing all such problems. No insurer will be able to refuse an older persom a cover or load him with extra premium without giving a valid reason for doing so. “Such reasons should stand the scrutiny of reasonableness and fairness,” Irda has said.

The following table lists the existing age limit for the senior citizens:

Summary

It will be good news for the senior citizens who are plannig to take the health insurance policy. Thank you for reading this article!! If you have any doubts please post it in the comments section.

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