On 30th May 2012, IRDA published an exposure draft of IRDA (Health Insurance) Regulations 2012. The exhaustive 44 page new draft regulations for Health Insurance released, reflect IRDA's continued efforts and intentions to "clean up" the grey areas in Health Insurance in India.
Here are the highlights.
All Health Insurance products henceforth would be renewable for lifetime, without any renewal ceasing age.
Grace . . .