Health Insurance: What More You Can Get?


Bangalore: Health Insurance seekers have very few options to choose from as most of the products are very typical with minor difference in premiums and features. Off late, change has been noticed in the kind of features offered. The changes are lifelong renewal, replenishment of cover, two-three policy terms instead of one-year, and so on. Listed below are five such changes as reported by The Economic Times.
LIFE-LONG RENEWALS
LIFE-LONG RENEWALS IRDA's insistence resulted in elimination of exit age clause. All latest products launched after that will now promise life-long renewability. Senior citizens complain that after collecting the premiums when they were young, companies turn their back towards them when they are 60. But with Irda's directive to health insurers, it will make sure that customers going for health insurance in future will not be subjected to such injustice.