The Insurance Regulatory and Development Authority of India (IRDAI) has removed an age limit for purchasing Health Insurance Policies.

More on the news

  • Previously, insurance policies could only be purchased until the age of 65, but with the recent amendment, effective from April 1, there is no age restriction for purchasing a new health insurance policy.
  • This IRDAI abolition aims to create a more inclusive and accessible healthcare ecosystem, ensuring adequate protection against unforeseen medical expenses. 
  • Age Limit Removal: Individuals of any age can now purchase new health insurance policies.
  • Inclusivity: Departure from conventional constraints to ensure accessibility and inclusivity in healthcare coverage.
  • Product Design: Insurers are mandated to offer products for all age groups, including senior citizens, students, children, maternity, and any other group as specified by the Competent Authority.
  • Pre-existing Conditions: Insurers must offer policies to individuals with severe medical conditions like cancer, heart or renal failure, and AIDS.
  • Premium Payment Flexibility: Insurers are permitted to offer premium payment in instalments for policyholders’ convenience.

The Insurance Regulatory and Development Authority of India (IRDAI)

  • It is a statutory body established in 1999 to regulate and promote the insurance and reinsurance industries in India. 
  • It functions under the jurisdiction of the Ministry of Finance, Government of India.
  • Key functions include licensing insurers, setting product standards, and resolving disputes.

Additional Provisions

  • Travel Policies: Only offered by general and health insurers.
  • AYUSH Treatment Coverage: No limit on coverage for treatments under Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy.
  • Multiple Claims: Policyholders with benefit-based policies can file multiple claims with various insurers.


  • Specialized Handling for Senior Citizens: The Proposed regulation aims to address complaints and claims of senior citizens through a specialized channel, ensuring tailored and responsive assistance.
  • Market Dynamics: Removal of age restriction likely to expand the health insurance market, attracting individuals of all ages.
  • Financial Protection: Enhanced coverage for individuals with pre-existing conditions, ensuring financial security against medical expenses.
  • Consumer Convenience: Premium payment flexibility and multiple claim options enhance consumer convenience and satisfaction.
  • Regulatory Framework: IRDAI’s proactive measures align with the goal of ensuring comprehensive and accessible healthcare coverage for all segments of society.
  • This may lead to better access to healthcare and reduced burden of medical expenditure for those in the age bracket.

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