New Rules for Health Insurance 2024: नए साल में बदल गए हेल्थ इन्शुरन्स के ये नियम, जानें लेटेस्ट अपडेट

New Rules for Health Insurance 2024:  A new rule in the field of health insurance is coming into effect in India from January 1, which has been adopted by the Insurance Regulatory and Development Authority of India. Let us know about this new rule in detail. A new rule in health insurance is coming into effect from next year i.e. 1 January 2024. After this, the health insurance experience will completely change and customers will easily get benefits as per the policy terms. In fact, on October 30, 2023, the Insurance Corporation of India and Development Authority issued an announcement in which they directed all health insurance companies to provide a Customer Information Sheet (CIS) to the customers. Its objective was to help customers understand the key points of the policy in simple language.

New Rules for Health Insurance 2024 (What is CIS)

CIS is also called Customer Information Sheet. The terms and conditions of the policy are written in it. According to the new circular of New Rules for Health Insurance 2024, now all health insurance companies will have to give CIS to customers while issuing policies. It will contain information about coverage, waiting period, limits, free look cancellation, how to claim, and contact details. Now you have to get permission from the applicant.

The Insurance Regulatory and Development Authority of India has said that after giving CIS to customers, companies should obtain consent from the customers that CIS has been obtained on their behalf. We hope this action will provide insured people with better information about their policies.

If you don’t like the policy, there is another option to return it. According to the new circular (New Rules for Health Insurance 2024) of the Insurance Regulatory and Development Authority of India, whenever you buy an insurance policy and then if you do not like it, you can return it within a certain time. New Rules for Health Insurance 2024 will greatly benefit the customers as they will be able to easily understand the policy and will also have the option to change it if it does not meet their requirements.

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What is health insurance?

Health insurance is an insurance product that covers the medical and surgical expenses of the insured person. It is an insurance action that compensates the insured person for the expenses incurred due to his illness or injury or pays it directly to the insured person’s care provider.

Types of health insurance 2024

Every person is different and has different needs. A single health insurance product is not sufficient to meet the individual needs of each person. Here’s a look at the types of health insurance plans available. Let’s see what it is:

Individual Health Insurance 2024

  • You can buy an individual health insurance plan for yourself, your spouse, your children, and your parents.
  • This type of insurance policy covers all types of daily medical expenses, like hospitalization, daycare procedures, hospital room rent, and more.
  • Under an individual health insurance plan, each child has his sum insured.
  • Suppose you have taken an individual plan for yourself, your spouse, and both parents until the sum assured is Rs 8 lakh. Each person can claim up to Rs 8 lakh in a year under their health insurance.

Family Floater Health Insurance:

  • A family floater plan allows you to cover all your family members under a single policy, and everyone shares the sum insured under the plan.
  • These plans generally cost less than individual plans because the sum insured is shared.

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Including examples

  • Suppose you have purchased a family floater plan in which you and your wife are insured for Rs 8 lakh.
  • You can claim only Rs 8 lakh in a policy year.
  • Your wife can claim Rs 6 lakh and you can claim Rs 2 lakh, or vice versa.

Generally, suitability:

  • Generally, family floater plans are ideal for young nuclear families.

Critical Illness Insurance Overview

Nowadays many types of lifestyle-related diseases are increasing. Dealing with and managing health problems like cancer, stroke, kidney failure, and heart disease can be very costly in the long run.

Objectives of Critical Illness Insurance

That is why critical illness insurance policies have been created. You can purchase these as riders or add-ons to your regular health insurance plan, or they can be purchased as a stand-alone plan.

Policy Coverage and Payment

These policies provide cover for several specific conditions and often provide a lump sum payment following the diagnosis of a childhood illness.

Health insurance for old age

These health plans are specially designed keeping in mind the medical needs and requirements of senior citizens.

Additional coverage includes

Most senior citizen policies provide additional coverage such as commercial hospitalization and some mental health benefits.

A full medical examination may be required

Because seniors are more likely to have health problems, these policies may require a full medical examination and may be more expensive than general insurance policies.


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