Question: My insurance agent is asking me to shift my mediclaim policy to PSU insurance company, as my age is above 80 years and my current insurance company is not ready to renew the policy. Is there any way I can continue with same insurance company
Answer: As per health regulations by IRDAI, insurer cannot refuse renewal except for the reason of fraud or misrepresentation or non-disclosure.

Supporting evidence:
title: irdai.gov.in/5e707a91-b5de-1ec1-cf18-b66273a6839d
quote: A health insurance policy shall be renewable provided the product is not withdrawn, except in case of established fraud or non-disclosure or misrepresentation by the Insured
context: ilable on the premium due date, to pay the premium. b) If the policy is renewed during grace period, all the credits (sum insured, No Claim Bonus, Specific Waiting periods, waiting periods for pre-existing diseases, Moratorium period etc.) accrued under the policy shall be protected. The same is applicable for both Indemnity and Benefit products.. 9), 1 = Availability of insurance coverage during grace period: If the premium is paid in instalments during the policy period, coverage will be available for the grace period also.. 10), 1 = Renewal of Health Insurance Policy: a. A health insurance policy shall be renewable provided the product is not withdrawn, except in case of established fraud or non-disclosure or misrepresentation by the Insured. If the product is withdrawn, the policyholder shall be provided with suitable options to migrate as per the procedure stated under Chapter II of this circular. b. An Insurer shall not deny the renewal on the ground that the policyholder had made a claim (s) in the preceding policy years. c. An Insurer shall not resort to fresh underwriting unless there is an increase in sum

3) Products are to be made available in compliance with various laws:

insured. In case increase in sum insured is requested

3) Products are to be made available in compliance with various laws:

11), by the policyholder, the Insurer may underwrite only to the extent of increased sum insured. = Migration in case of Indemnity policies: In case of migration of one policy to another with the same Insurer, the policyholder (including all members under family cover and group insurance policies) can transfer the credits gained to the extent of the Sum Insured, No Claim Bonus, Specific Waiting periods, waiting period for pre-existing diseases, Moratorium period etc. in the previous policy to the migrated policy.. 12), by the policyholder, the Insurer may underwrite only to the extent of increased sum insured. = Portability in case of Indemnity Policies: a. A Policyholder has the choice to port his/ her policies from one Insurer to another. The Acquiring and the Existing Insurers shall jointly, ensure that the entire underwriting details and claim history of the Policyholders are seamlessly transferred. b. The existing insurer shall provide the information sought by the Acquiring insurer immediately but not more than 72 hours of receipt of request through Insurance Information Bureau of India (IIB) https://iib.gov.in/ portal. c. The Acquiring insurer