People Above 65 Can Also Buy Health Insurance Now2Photo©

People Above 65 Can Also Buy Health Insurance Now

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New Delhi: With an aim to create a more inclusive healthcare ecosystem in India and to encourage insurance provider companies to diversify their product offerings, the Insurance Regulatory and Development Authority of India (IRDAI) on Sunday removed the age cap on buying health insurance policies, effective from April 1, 2024.

“Insurers shall ensure that they offer health insurance products to cater to all age groups. Insurers may design products specifically for senior citizens, students, children, maternity, and any other group as specified by the Competent Authority” said a notification issued by the IRDAI.

Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.