No age restriction now on purchase of health insurance plans

Removing age limit opens up access to health coverage for senior citizens, and they should look for features like no-claim bonuses to combat medical inflation

- MONIKA YADAV

THE decision by the insurance regulatory and development authority of India (IRDAI) to remove age restrictions on health insurance policies is a significant move that reflects a more inclusive approach towards insurance coverage in India.

Earlier, most insurance companies would not sell health insurance products to persons above 65 years.

This change allows individuals of all age groups to access health insurance without being limited by age-related constraints. It indicates a progressive step towards ensuring that more people, including the elderly population, can avail of essential health coverage and benefits. By eliminating age restrictions, the IRDAI is promoting greater financial security and healthcare access for a broader segment of the population, ultimately enhancing the overall insurance landscape in the country. Rakesh Jain, chief executive officer (CEO), Reliance General Insurance said, "For senior citizens, this initiative signifies an end to the constraints that previously barred many from securing health insurance past a certain age.