Become knowledgeable about these changes to improve the effectiveness of your sales pitch. Health insurance policies are now more consumer-friendly as of October 1, 2024.
These significant changes to the laws governing health insurance can make it easier for you to market health insurance plans.
Let’s examine them-
Shorter waiting time
The modification of the waiting period for pre-existing conditions is one significant advancement. The 48-month waiting time for pre-existing conditions has been shortened to 36 months by IRDAI.
According to the insurance authority, whether or not the policyholder revealed their pre-existing conditions, they should all be covered after 36 months.
Thus, health insurers are unable to deny claims on the grounds of pre-existing conditions.
Other factors are-
Senior citizen friendly policies.
expanded coverage for health insurance.
No claim can be rejected after five years.
Substantial savings.
Refund policy that is available at any time.
High likelihood of a claim being resolved.
