Sr citizens should not be forced to other plans: IRDA

MUMBAI:
The Insurance Regulatory and Development Authority have told public sector
general coverage companies not to oblige senior citizens to travel to other
health coverage merchandises if it is to their disadvantage. The regulator have also
told the coverage companies that insurance insurance premium burden for renewals of mediclaim
policies should not transcend 50%-75% of the premium charged prior to April 2007. However, these presentments use only in the lawsuit of renewals of existing
policies and not for people entering the wellness coverage system for the first
time. As per the
recommendations of the senior citizens wellness coverage committee, the regulator
has constituted a separate grudge cell for senior citizens' wellness issues. R
Srinivasan have been appointed as an military officer on particular duty and senior citizens
can air out their grudges related to wellness coverage provided by public sector
general coverage companies to him through a dedicated electronic mail id. The senior citizens health
insurance commission was put up to look into the handiness of wellness covers to
people above the age of
60. Populace sector general
insurers hiked insurance premiums on wellness policies for people above the age of 60 by
100%-200%. In a few instances, the further loads on insurance premiums were as high
as 400%. Given the increases, there's been a batch of ailments sent to the
insurance regulator both from individual senior citizens as well as senior
citizens' groups.