Beyond the cap: Can we truly fix senior citizen health insurance?

Beyond the cap: Can we truly fix senior citizen health insurance?

Source: Live Mint While the move promises stability, it also raises a crucial question: Will insurers find new ways to offset costs, tightening underwriting and claim scrutiny?  There are some areas where additional refinements could enhance consumer protection and clarity. Shielding seniors The 10% cap offers much-needed relief by preventing the sudden, steep premium hikes…

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Irdai caps annual premium hike for senior citizens at 10% annually—what it means for policyholders | Mint

Irdai caps annual premium hike for senior citizens at 10% annually—what it means for policyholders | Mint

Source: Live Mint The Insurance Regulatory and Development Authority of India (Irdai) has capped insurers’ annual premium hikes at 10% for senior citizens. Any increase beyond this limit will now require prior approval from the regulator. While this step enhances transparency and predictability for policyholders, industry experts caution that it could lead to stricter policy…

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