In India there is a plan for changes to health insurance which will put a smile on the faces of policy holders, as non life insurers are in the final stages of creating a new product which will have a general standard cover and will be renewable and flexible across companies.

According to rediff.com the incentive crafted by the General Insurance council, the self regulatory body, will mean that insurers will no longer have the power to deny the renewal of policies on the basis of adverse claims. Also in addition all the benefits that an insured person is entitled to, will continue to be available to that person, even in the event that they move to another company.

General Insurance Council secretary General K N Bhandari said those purchasing a health cover package at a fairly young age will not be refused renewal on the basis of adverse claims. So assuming an individual purchases the new coverage at 30, he is still entitled to coverage at the age of 50 years, even if he has developed a heart condition and has already made a claim.