InvestorQ : What does the standard definition of exclusion mean for a health insurance policy?
Purvesh made post

What does the standard definition of exclusion mean for a health insurance policy?

Answer
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nishi Shah answered.
2 weeks ago


IRDA has standardized the definitions and wordings for all kinds of exclusions. The wording of exclusion criteria differed across all health insurance policies making it difficult for a policyholder to make the right choice.

Now with the new rule, every policy will have the same wordings and definition of the exclusions along with a CODE for each exclusion.