The IRDAI has also reduced the moratorium period significantly from 8 years to 5 years.
Once an active health insurance policy’s moratorium period ends, the insurer cannot deny any claim covered by the policy on any grounds, except fraud.
The moratorium would be applicable on the sums insured of the first policy.
WATCH THE VIDEO FOR MORE DETAILS 🙂
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✅ RDAI Latest Insurance Regulations 2024 : https://youtu.be/9kJma7qBsh0?si=ylj_EWIesA_NpzD_
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For any queries:
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💌 Mail us at: info@hareepatti.com
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✅ TIME STAMPS :-
0:00 Introduction
0:51 Earlier Rules for Moratorium Period
1:03 New Moratorium Period by IRDAI
1:36 Details about Moratorium Period
2:50 Example for Moratorium Period
3:33 Clause for Moratorium Period
4:10 Fraudulent Activities
5:08 Claims Can’t be rejected
5:50 Conclusion
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#irdai #healthinsurance #gurleenkaurtikku
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Disclaimer : Information presented in this video is for educational purpose only. It may not necessarily be taken as financial, legal or any other type of advice. It is not as per individual needs, objectives or financial situation of any particular person.The video is based on 19 years of experience of Financial industry.
It is based on researches from various books, internet etc and may include opinions of one or more persons who may or may not be the part of Hareepatti.
Gurleen Kaur Tikku or any other team member of Hareepatti will not hold be held responsible as this is not to be considered as personal finance advise.The video does not mean to hurt anyone’s sentiments or spread rumours of any sorts.Viewers should do their own due diligence before taking any action based on the video.
Viewers discretion is advised.
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