IRDAI Latest Insurance Regulations 2024 | MAJOR CHANGES in Insurance Sector | Gurleen Kaur Tikku
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- Опубліковано 11 лип 2024
- The Insurance Regulatory and Development Authority of India (IRDAI) has recommended several modifications to promote business ease, minimise stakeholder compliance obligations, and safeguard policyholder interests.
In this video, we have shared the major changes that were mentioned in the Latest Guidelines by IRDAI specially in the General Insurance Sector & Health Insurance Sector.
WATCH THE VIDEO FOR MORE DETAILS : -
✅ DOWNLOAD THE LATEST GUIDELINES : irdai.gov.in/documents/37343/...
✅ To buy insurance policies, click here - hareepatti.com/contact-us/
✅ 7 PRINCIPLES OF INSURANCE : • 7 PRINCIPLES OF INSURA...
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For any queries:
📲 WhatsApp : wa.me/message/VJCYEKX3EWHOE1
📞 Call : 9650706699
💌 Mail us at: info@hareepatti.com
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✅ TIME STAMPS :
0:00 Introduction
1:33 Basic Rules for Insurance Companies
2:58 Types of Policies
3:59 Basic Definitions
5:54 Pricing Guidelines for Insurance
6:25 Product Design
7:05 Moratorium period in Insurance
8:43 Waiting Period guidelines for Insurance
9:07 Renewal of Health Insurance
11:29 Migration & Portability
12:23 Special Provision for Senior Citizens
12:59 Bloopers
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IRDAI new rules 2024 , IRDAI Guidelines for Health insurance , best health insurance , health insurance claim ratios , new insurance rules , insurance rules in india , insurance portability rules , insurance portability guidelines , life insurance guidelines , insurance sector in India , Basic Rules for Insurance Companies, Waiting Period guidelines , gurleen kaur tikku , financial advisor , hareepatti
#irdai #guidelines #gurleenkaurtikku
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Disclaimer : Information presented in this video is for educational purpose only. It may not necessarily be taken as financial, legal or any other type of advice. It is not as per individual needs, objectives or financial situation of any particular person.The video is based on 19 years of experience of Financial industry.
It is based on researches from various books, internet etc and may include opinions of one or more persons who may or may not be the part of Hareepatti.
Gurleen Kaur Tikku or any other team member of Hareepatti will not hold be held responsible as this is not to be considered as personal finance advise.The video does not mean to hurt anyone’s sentiments or spread rumours of any sorts.Viewers should do their own due diligence before taking any action based on the video.
Viewers discretion is advised. - Фільми й анімація
Very crip information, to the point and extremely useful. Thank you for sharing a treaureful of info 🙏
Glad it was helpful, keep watching !
Mam 1st April se eInsurance account hona bhi mandatory ho gaya hai. Which are repository jahan hum ye account bana sakte hain?
Mam all modifications will be applicable on existing policy of Care and HDFC...
maine policy lete waqt unlimited restoration opt nehi kiya tha. agar mai renewal k time use add kar leta hoon to mere policy mai kya kya changes ho sakta hai?
Your channel is best on Health insurance related topis
Will ulcerative colitis be covered? Is it covered now except care freedom?
I just renewed my nivabupa policy and I still see old rules..what to do
Does these changes come into effect as standard t&c at our next renewal or it applies to existing policies?
Which is the best insurance repository?
Thank you for the wonderful information. I purchased a new health insurance policy yesterday from Care, but the PED and moratorium period is not updated as per the latest IRDAI regulations. Please provide me your valuable inputs on this. Thanks in advance.
Thank you for every video all are Nicely explained It's valuable to All😊
Thank you jee, keep watching !
Please reply
suppose maine 1 bike pe PA liya hai
Pr accident dusre bike se hoti hai to kya first bike ki insurance co. claim degi???
Reply?
hamko Indemnity Paper or E Policy mein kuch nehi likha. Thyroid or surgery kuch nehi mention kia. Only Diabetes & Hypertension and their complications likh ke dia. hum 9th JUNE 2024 Purchase kia. Star health comprehensive
Mam per policy old health policy wording hai. Companys tu claim us per denge
Thank you .. Nicely explained.. very much informative!
Glad it was helpful, keep watching !
Mam is that true in new IRDAI guidline ki aap non cashless hospitals mein bi cashless treatment krwa sakte hai ?
What about the no claim bonus , while porting to another company??
This is high-quality information! No hype, just right advise ! Thank you
Glad it was helpful, keep watching !
Very good explanation 👍
Hello ma’am. your videos are really useful for people. keep up the good work!
I had one query around aggregate deductible in health insurance plan.
I read somewhere that if opting for HDFC optima secure for senior citizens and opting for aggregate deductible amount, the chances of cashless claim approval gets hampered if there are multiple claims in a year. There are high chances of the cashless claim getting denied and people have to go through reimbursement route. Please shed some light on this that is aggregate deductible really useful. TIA!
Just need clarification on the definition of PED, whether and illness, disease or ailment prior to 36 months of buying the policy is not considered as pre-existing conditions, right?
Insurance co did not pay claim for six months what to do
Please help I have car insurance and company not give me in writing their offer, but surveyor give us offer but the company not said yet anything , what should I do ? Please help me I am from Delhi NCR.
Excellent video and relevant information. 5 years Moratorium petoid and 3 yrs ped peroids will become game changer.Thanks
Glad it was helpful, keep watching !
In your dreams ,
they r increasing premium accordingly
What is the mandated time within which insurance companies have to adhere to these guidelines once they are published? Because last week when trying for a policy for my father, there were still 4 year PED waiting periods in the options provided to us. And even my father's high BP diagnosed more than 7 years back was being considered as a PED. Hence can you share are these strict rules to be followed or just some guidelines to guide. And if strict, by when should these start?
If any one 5 years old health policy he has diabetes or any other illness If he port other company no waiting period will be applicable??right or wrong??
Gud information
Very useful information
Thanks for the information mam
Kya yeah sab benafits old exists customer ke liya bhi applicable hai? or only who entered from 1.4.2024
Thank you jee, these benefits are for everyone.
Age limit removed?
what is considered as fraud mentioned in moratorium period definition?
You have spoken wrongly in the beginning of video that these revised guidelines are applicable wef 1-3-2024
Yes, that was by mistake. We have mentioned the correct thing in the caption.
Ma'am mera National mediclaim parivar plus policy hai 3 years PED, 2nd year running. Aur ek normal National mediclaim parivaar policy, 4 years PED, national insurance deti hai. IRDAI neh PED 4 years to 3 years kardiya maximum. So national medicalim plus ka kya fayda ab normal hi thik hai. Premium bhi jyada diya to decrease PED, kuch benefits to nhi hai. Kya kare? Kaise complaint kare? Yeh to unfair hai extra premium dene ka. Kya normal national mediclaim bhi 3 years ped hojayengi running policies mai ya jo new kharidenge unke liye 3years max applicable hoga? Kya national mediclaim plus policy 3 years to 2 years shift hogi PED. As yeh cheating hua technically as extra premium diya to decrease PED🙏
Thanks giving valuable insights
Thank you jee, keep watching !
Wish to port my policy from Star health to Care Insurance. Can I get your help?
Hi Gurleen, yah 5-years ka new moratorium rules customers ne April-2024 ke baad lenewale Policy par apply hai only ? Ya jo customers ki old Policy chal rahi hai usake upar bhi apply hai ?
Same question but no reply
Mam aap boht achhi information dete ho, kya IRDA ki guidelines according koi physical handicapped person term insurance buy kr sakta hai ya nahi ??
Plss apna no de want to contact you
Ma'am, your videos are the best in insurance. I am grateful for all your efforts. Is it obligatory for insurance companies to provide premium installment through all modes of banking?
Because, I was denied debit card or net banking installments from all the insurance providers(they usually frame it as: "debit installments are not available for your card". They offer only credit card installments. Your thoughts ma'am?
Thanks for nice explanation.
One question, is Health Insurance under GMC is now portable to Individual insurance please?
Migration is possible within the same insurance company from group to retail
Thanks
Kinki policy already chl rhi hai un k lie v 5 years wala moratorium he rhega Yan purana wala 8 years ka
Mam maine apne father or mother ke health policy shuru krvai hy 1st time manipal cigna mai kya yeh company save or sahi hy main abhi be thora confuse hu ke agr in case hospital jana pda toh inke taraf se koi problm na ho. maine policy laine se pehle kisi ke advice nhi le..
Koi problem nahin hogi pehle claim ke time pe aapko pata chal jayega ki aapko claim kaise Mila hai,agar aapko claim mein koi bhi preshani aaye to next renewal pe port kar lena
Gurleen ma'am... If I want to add new born to my existing family floater policy without increasing sum insured then would i be losing existing benefits like moratorium period for existing members like me and my wife who were not newly added in policy
When there is no claim first 5 yrs, why not pre existing diseases covered automatically even if not mention while on first purchase.???
Thank You for providing excellent information for us, thus is very informative video, but about Super Top-up? Are the same guidelines applicable for Super Top-up as well? If not please make another video explaining guidelines for Super Top-up. I recenty took 10L Base plus 90L Super Top-up from NIVA BUPA... Please advise... How is Super Top-up different from Base Policy?
Very informative video 👍🙏
Thanks a lot, keep watching !
Good morning mam. Mayne ak insurance liaya tha 2010 ko salana 30,000/- who meayne ak hi bar payment Kiya tha or vul vi Gaya mere pass koi bond vi Nehi hai. Lekin irdai se call kar Raha hay mujhe 1lakh return milega, lekin mujhe ak or insurance karna pare ga or karne k 60 days bad mujhe 1 lakh milega. Kay a ho sakta hay? Ya koi Ford hay? Please aap mere ko Raha bikhay.
Kya renewal k time pe PED time reduction riders le sakte hai? Especially in Care Insurance?
Yes, possible- you may check with the insurance company
Thanks for the updates ❤
Thank you, keep watching !
Agar kisi ki annual income below 5 lak ho to kya vo term insurance nhi le skta h kya...
Ye bahut hi galat rule h ...
Maam my wife suffered from the diseases calcified granuloma ie epilepsy. I have taken a separated policy from CARE since 2020wherein they had permanently exclusion from the said disease & 20 percent copayment for any others diseases. Till date we have never take any claim nor my wifer suffers any fits. May u suggest can we port the said policy of my wife as i have purchased a separate family floater policy for myself & kids.
Hello mam...
I want to ask that, I purchased a care health supreme plan in March 2024 which there is a waiting period of 4 years...
So after the new guideline, will it get deducted to 3 yrs instead of 4 yrs..?
+1
No, it will not be reduced in your this policy term. These guidelines are for new products/ revision of old products.
@@GurleenKaurTikku......This means that new customers who took insurance in the month of March are feeling fooled.
@@GurleenKaurTikku Will these guidlines be applied after the renewal of the policy ?
thanks ❤
Keep Watching !
Hello Madam
I had Sampoorna Sursksha Bima policy with National Insurance without any claim for more than 8 years. Last year August at the time of renewal they refused to renew stating that the policy has been discontinued and asked me to go for some other policy which I refused. NIC did not inform on this earlier. Is this correct?
I , having no options changed to Niva Bupa...But their customer service is very poor. As a Sr. Citizen..When we call or write they divert to some Insta service with which I am not comfortable.
Seems Niva has their policies only for certain class ...
Suppose one does not have an android phone then what does he do.
True very poor customer care support from niva bupa
If policy is discontinued then they will have to give an option to migrate to another policy
Home loan insurance do sal ke bad surrender karne par single premium me as per IRDAI rules refund kitna milega
Thanks madam for enriching us.in new IRDA rules health insurance companies will cover modern treatment such as immunotherapy , monoclonal antibodies to be given as injections?Also which company should I go to for health insurance.plz answer
Kya bank se li gayi health insurance ko dusre health insurance me portability ki ja sakti hai ?
Nothing
Ma'am, could you please make a video about the health insurance policy that the bank (federal bank, union bank of India, etc.) provides?
Please refer this video : ua-cam.com/video/UsYq7nle1Z4/v-deo.htmlsi=0Ut-oyryzdJJTdPI
This may help you clear all your doubts regarding Bank Health Insurance.
Nice and very informative video
Amazing explanation
Glad it was helpful, keep watching !
Thank You Jee ...Rab Rakha
Thank you jee, keep watching !
Is GST charges on room rent covered by Health Insurance?
Yes
Mam ye guidelines old health policy per start ho gya hai ya nahi
It is applied on all the policies
Madam,
Plz make video on cashless claims anywhere for all insurers
Already done jee, please check
ua-cam.com/video/RS8FEHBo-2M/v-deo.html
I live in zone 2. Can I avail in zone 1 hospital in cashless basis within the network hospital??? My plan reassure 2.0 titanium plus
Yes , you can avail as there is no zonal co-payment.
Sab case ab caseless hi honge
Hello Madam thanks for your info, may i ask one question i was having Niva Bupa health companion from Last 7 years, for 15 Lakh SI which is already reach to 30 lakh, this year i port to HDFC Ergo Optima secure in case of Moratorium, do i need to serve fresh 5 years in HDFC or last 7 years will be treated as Moratorium period and now nothing can be contested? my HDFC policy will starts from 20-April
As per the new guidelines ,Moratorium period benifit will be carry forwarded to new Insurer, as your policy already completed more than 5 years, insurer can't contest the claim
any update regarding modern treatment
Good information.
Glad it was helpful, keep watching !
can company suspend life insurance code for no business, any new regulation
Thanks
Care helth insurance me claim ka abhi 70% hi milega ye sahi hai ?
We don't have any update regarding this.
please make a video TAGIC vs other GI & SAHI insurance company,
Thanks for the suggestion
What is the revised moratorium period for Life insurers?
After completion of sixty continuous months of coverage (including portability and migration) in health insurance policy, no policy and claim shall be contestable by the insurer on grounds of non-disclosure, misrepresentation, except on grounds of established fraud.
@@GurleenKaurTikku thanks, but my question is about life insurers. Is the same rule applies to term imsurance as well?
@@GurleenKaurTikkucan you brief on what is fraud in this case. Does someone not disclosing a PED while purchasing the policy comes under fraud while considering the moratorium period benefits
Madam, Good Information , God Blessed you , please improve your company's web site
Thank you , keep watching !
Nice information🙂
Thanks 🙂 Keep watching !
Thanks mam
Keep watching !
I have a Oriental Bank Sathi policy through PNB Bank , being a PNB customer , can I migrate that policy to Oriental Insurance retail policy, I have been continuing this policy since 5 years ???????? pls advise
Yes u can contact oriental main branch head office in ur state
Paternity leave insurance plans bhi hote hai insurance policy m Gurlin Ji
Nahin jee
@@GurleenKaurTikkuSo Sad for Mens, I think insurance company give Paternity benifit on 2 children Minimum 1 week Plans.
Can pay acko 5 months premium or I will lose my 7 months paid.
I was not paying due to denial of cashless claim as I m not getting that faith b,coz I was told zero waiting period at the time of purchase and gone for all tests from their labs.I was told to wait for 4 yrs for cataract.
Good evening madam. Thanks for your informative videos. I have one issue. I had taken floter plan with my spouse and kids 2 years later. I have BP but not disclosed due to advice of some agent. Then after observing your video I had taken a seperate policy for me mentioned BP from the same company in Jan 24. Now 3rd year renewal of that floater policy is nearby. I thought to delete my name and make my wife as proposer & insured with my kid. But I will loose 2 years . Is it correct decision ?
Yes, you can do this
Thanks for Reply
Ya fir hum policy renew karwa gai tab Start hoga
Madam ji super top up policy port ho sakti hai kiya
Yes, it can be ported. You can check with the insurance company you are porting to
मेम जीवन सरल पॉलिसी मे सिनीयर सिटीझन लोंगोका एजंट लोगोणे बौहत नुकसान कर दिया अब हम लोगोणे क्या करणा ॽ
VERY USEFUL INFO, Can you send me the PDF
Thank you jee, keep watching,.
You can find the PDF on IRDAI'S OFFICIAL WEBSITE.
बैंक के माध्यम से ली गई पालिसी पोर्ट हो सकती मेम प्लीज बताएं
Good job mem
Thanks a lot, KEEP WATCHING !
Term insurance is the best insurance policy for middle class people.
Health insurance is very costly for poor people.
There should be amendments in health insurance policies for poor people.
As informed at 11.53 Regarding Migration, if a policy holder has been continuing policy for 5 years, has a claim in the latest policy, is migration allowed? Because Star Health generally doesn't allow Migrate in case of claim in latest or previous policy too. So now they have to allow migration?
Plz send pdf
Niva bupa reassured 2.0 is too good to be true. It came out in 2023 do you have any number of how many people got the claim completely settled or rejected
That is the catch
Work time for all insurance employees should be 10 am to 5 pm and 5 days working only , irda please consider
The insurance sector customers must open 24x7. There must be rotational shifts
Break in policy detail please
A break-in period is the time between the last date for renewal of car insurance and the date on which you renew the policy.
1st april
yes, 1st april
👍👍👍👍👍
Thank you, keep watching !
Hdfc not good claim process
oh, we always had a good first hand experience but each case is different. Hope you got your claim.
बैंक से ली गई पॉलिसी Port नहीं होगी
not possible !
Thx for the info bt It would be better if you don't blink your beautiful eyes so much, PPL get distracted 😊
Ap center hi me nhi,
But:
Hum sb Darahk" ki "life" ke centre me Hain😂-
🎉🎉🎉❤
Hello ma'am. I purchased three niva policies from you. Your WhatsApp team has stopped replying to me now.
Hi Lakshay jee, Apologies for this inconvenience. I am looking into this and getting it resolved on priority
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