Know Major Health Insurance Cover Changes Effective April 1

Mumbai: Your health insurance company cannot reject your claim on the ground that you did not disclose pre-existing diseases, or misrepresented your health information incase you have paid premium continuously for a period of five years according to the revised IRDAI (Insurance Product) Regulations 2024 that have kicked in from April 1. All health insurance policies will now have to offer a moratorium of 5 years of continuous coverage including portability and migration. In the earlier regulations, the moratorium was of eight years. Similarly, the waiting period to cover your pre-existing diseases such as diabetes, hypertension etc has been cut down to three years from four years. This means, your insurer will pay your hospitalisation claim for your pre-existing diseases if you have paid premiums continuously for three years. In addition, the regulator has also abolished the maximum entry age restriction of 65 years to buy health insurance.