What is the primary objective of the IRDAI's new directive regarding health insurance premiums for senior citizens?
To limit the annual premium increase for senior citizens
Why in the news?
"IRDAI Caps Senior Citizen Health Insurance Premium Hikes”
IRDAI's directive aims to shield senior citizens from hefty health insurance premium hikes. It caps annual increases at 10% without prior IRDAI approval, ensuring affordability for those on fixed incomes.
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