Senior Citizen Health Insurance

Senior citizens health insurance

IRDA, (Indian insurance regulators and development agencies) are sensitive to the unique needs of senior policyholders.

Government Regulations: Are becoming more strict with the following regulatory measures: In  2006/2007, when some insurance companies raised their hospitalization premiums significantly, a law was enacted for such amendments.

The government has established a senior health insurance committee to address some specific needs. Manyrecommendations have been implemented for this committee IRDA has also issued the following guidance to insurance companies regarding senior health insurance:

  • Must have senior health insurance up to  age  65 
  • If the proposal is rejected, this should be done in writing for good reason
  • Elderly insured persons should be able to change the TPS as much as possible.
  • If the insurance company takes risks, you can reimburse at least 50% of the pre-insurance health checkup costs
  • Insurers cannot refuse to renew their health insurance system except on the basis of misrepresentation, moral hazard, or fraud.

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These guys are efficient! From the first moment that I dealt with Investment Smart I knew that they were real pros. They are asking the right questions, and when getting the answers they are on ball non-stop, providing an excellent service!

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It took me a while to find someone who could accomplish what I needed for my company. I have to say it was well worth the wait. Investment Smart is a team of real professionals who showed their hard work, patience, and professionalism, and they far exceeded my expectations.

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It has been a pleasure to work with Investment Smart and their team of investment experts. They offered me a quick and easy solution to my business investment strategy that will surely help me in handling my future spendings. I’m glad to cooperate with this qualified team.

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