As per these guidelines, the renewal premium shall not be accepted more than 90 days in advance of the due date of the premium payment.
According to the IRDAI circular, General insurers and health insurers offering indemnity-based health covers shall offer an option to the policyholders to migrate to a suitable alternative health insurance policy available at the time of modification or withdrawal of the policy. Further, indemnity-based health covers offered to specific age groups, students, children under family floater policies, shall also offer an option to such lives to migrate to a suitable alternative health insurance policy available at the specific exit age. Every policy migrated shall be allowed suitable credits for all the previous policy years, provided the policy has been maintained without a break.
The norms on migration and portability of all policies issued by general insurers and health insurers shall be subject to the guidelines as may be specified by the Authority from time to time, as per the circular. Special provisions for senior citizens
The premium charged for health insurance products offered by Life Insurers, General Insurers and Health Insurers to senior citizens shall be fair, justified, transparent and duly disclosed upfront, say theguidelines. Multiple policies
Balance claim or claims disallowed under the earlier chosen policy/policies may be made from the other policy/policies even if the sum insured is not exhausted in the earlier chosen policy/policies. The insurer(s) in such cases shall independently settle the claim subject to the terms and conditions of other policy / policies so chosen, as per the guidelines.
Portability of health insurance policies
In order to accept a policy which is being ported in, the insurer shall not levy any additional charges exclusively for the purpose of porting, as per the circular, say the guidelines. AYUSH coverage
All insurers may endeavour to provide coverage for one or more systems covered under "AYUSH treatment" provided, the treatment has been undergone in the hospitals or healthcare facilities subject to guidelines as may be specified by the Authority from time to time. Wellness and preventive aspects
Insurers may endeavour to promote wellness amongst policyholders of health insurance as per the guidelines as may be specified by the Authority from time to time, as per the circular.