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IRDAI Permits Health Insurance Sector to Standardize Disease Exclusions

According to the latest amendments in the Insurance Regulatory and Development Authority of India (IRDAI) health insurance industry is permitted to exclude certain pre-existing diseases. Some of the diseases that can be excluded are Epilepsy, Stroke, Chronic liver diseases, Kidney diseases, Hepatitis B and a few others. Recently IRDAI has made it mandatory to include a few diseases such as Alzheimer, Parkinson disease, AIDS, Morbid Obesity etc.

However, if these diseases are pre-existing than it can be excluded as well. In case of non-disclosure of any pre-existing disease, there’s a waiting period of 4 years. Currently, the waiting period is of 2 years, but insurance companies got the authority to lay a hiatus of up to 8 years as well. The proposal made by IRDAI is subject to review on an annual basis.

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