Master Circular on Standardization of Health Insurance Products - Corrigendum

IRDAI/HL T/REG/CIR/225/08/2020 I• m«fm qllf1 iclR<l 11-1cti 3ffi fucorn ~ = INSURANCE REGULATORY AND irJaa DEVELOPMENT AUTHORITY OF INDIA 28th August, 2020 All Insurers (excluding specialized insurers) and TPAs, wherever applicable Re: Master Circular on Standardization of Health Insurance Products - Corrigendum Reference is drawn to the Master Circular on Standardization of Health Insurance Products issued vide ref no. IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020. The definition of "Pre-Existing Disease" at Clause 33 of Chapter I under Section 1 of this Master Circular is rectified as under: 33. Pre-Existing Disease (not applicable for Overseas Travel Insurance): Pre-existing Disease means any condition, ailment, injury or disease: a) That is/are diagnosed by a physician within 48 months prior to the effective date of the policy issued by the insurer or its reinstatement or b) For which medical advice or treatment was recommended by, or received from, a physician within 48 months prior to the effective date of the policy issued by the insurer or its reinstatement. (Life Insurers may define norms for applicability of PED at reinstatement). (Note: All existing health insurance products that are not in compliance with this definition shall. not be offered and promoted from 01 st October, 2020 onwards) ~~) <g) J,, D 1J) (Surest\ Mathur) ')...--g / ~ Executive Director (~th) Sy. No. 115/1, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500032 Phone: 040 20204000 Web: www.irdai.gov.in