Multiple choice

Which of the following is not one of the provisions mandated by IRDAI for insured persons who are senior citizens?

  1. The premium charged for health insurance products offered to senior citizens shall be fair, justified, transparent and duly disclosed upfront.

  2. The insured needs not to be informed in writing of any underwriting loading charged over and above the premium.

  3. All health insurers and TPAs shall establish a separate channel to address the health insurance related claims

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

IRDAI has mandated special provisions for insured persons who are senior citizens:

  1. The premium charged for health insurance products offered to senior citizens shall be fair, justified, transparent and duly disclosed upfront.
  2. The insured shall be informed in writing of any underwriting loading charged over and above the premium and the specific consent of the policyholder for such loadings shall be obtained before issuance of a policy.
  3. All health insurers and TPAs shall establish a separate channel to address the health insurance related claims and grievances of senior citizens.

Keep practicing — related questions