Health insurance: Pre-existing diseases rules changed, to benefit policyholders

In a bid to make health insurance more simple and customer-friendly, the insurance regulator recently amended the definition of pre-existing diseases. The Insurance Regulator and Development Authority of India (IRDAI) said in circular that it deleted ‘the additional/modified clause’ in its current definition of pre-existing diseases. This move could actually help in reducing claim rejection rates in health insurance policies. To include certain illness under health insurance policy, the regulator had modified the definition of pre-existing disease through a circular in September, 2019. If certain illnesses were diagnosed within 3 months of buying the…

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