IRDA proposes uniform definition of key terms in health ins

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PTI: New Delhi, Monday, Jan 14, 2013 at 2241 hrs IST

IRDA has come out with standard definition of various key terms like critical illness with a view to bring in uniformity and promote health insurance. "Health insurance addresses a major area of public concern. Although it is rapidly growing, access to health insurance still remains limited an ....Read more

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venkataramanaiah ramu | Tuesday , 15 Jan '13 8:13:51 AMReply | Forward

It is generally observed that many insurnce companies while advertising for buyinng their policies for health insurance, prescribe maximum agelimits for entry at 65-70 years and this causes difficult situations for elders above that age generlly find themselves out from the medical insurance benefit and have to go through the usual methods for taking care of their health. IRDA could devise suitable methods to enable even the senior citizens to enter into the ambit of medical insurance and avail the benfit of cashless treatment etc., at even slightly higher premiums if necessary.