Health Insurance: IRDAI on RTI Query: No Limit for Premium Hike for Health Insurance
We recently queried IRDAI on the permissible health insurance premium hike allowed by IRDAI’s regulations for senior citizens at the time of renewal. In response, IRDAI has stated that there is no such limit prescribed in IRDAI (Health Insurance) Regulations 2016. It means there is no protection offered by IRDAI to senior citizens on premium hike. They can be taken for a ride by insurance...
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