IRDAI’s New Rule on ‘Material Change’: Is Your Medical Insurance Premium Safe at Renewal?

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Mumbai (Maharashtra) [India], November 6: Worried that talk of “material change” could nudge up your premium at renewal? You’re not the only one. In practice, insurers ask whether anything significant has shifted in your health or lifestyle before they renew. That check keeps the contract aligned to real risk so claims can be settled.

At the same time, health insurance is designed for continuity and sets out benefits clearly, from hospitalisation to day-care, outpatient care and…



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IRDAI’s New Rule on ‘Material Change’: Is Your Medical Insurance Premium Safe at Renewal?


Mumbai (Maharashtra) [India], November 6: Worried that talk of “material change” could nudge up your premium at renewal? You’re not the only one. In practice, insurers ask whether anything significant has shifted in your health or lifestyle before they renew. That check keeps the contract aligned to real risk so claims can be settled.

At the same time, health insurance is designed for continuity and sets out benefits clearly, from hospitalisation to day-care, outpatient care and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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