The Insurance Regulatory and Development Authority of India (IRDAI) has lifted the age ceiling of 65 years on purchasing a health insurance policy. It has advised insurance companies to offer health insurance products to all age groups, including senior citizens, covering all types of existing medical conditions.
Earlier, in a 2016 notification, the IRDAI had set an entry age of ‘at least up to 65 years’ for insurance companies to provide health insurance cover. Although there was no bar to sell health insurance policies to those over 65, only a handful of insurers sold health policies to first-time buyers beyond