Good news for Indians with private health insurance

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I am sure many of us have bought private health insurance. At least, I have, for me and for my father. Insurance Regulatory authority (IRDAI) has now reduced moratorium period from 8 years to 5 years. So health insurance companies cannot reject your claims if you have renewed the policy continuously for five years or more. Now that is a great news for me at least. My Dad's hospitalization, if ever, is better covered, and mine too. I am seriously contemplating purchasing extra protect add on of Star as I already have comprehensive. Waiting period will be 5 years for it.... it is a great one. I don't have to incur anything from my pocket once I buy that. And..come this June/July, expect some reduction in GST for health insurance products. That reduction will neatly cover my add on premium. I am very happy today. I might even reduce my coverage from 7500000 INR to 5000000 as extra protect will cover me better. Only fear is, will insurance companies remain viable with this benefit, and if not, will I be able to move to another at that point of time, because insurance companies have a right to refuse policies. By the way, waiting period of 4 years for pre-existing diseases has been reduced to 3 years. So no need to pay extra premium for reducing that period. We can also avail claims from different BENEFITS policies as against INDEMNITY POLICIES. I needed a clarification there. If a person has bought multiple benefits policies from the same company, can he or she claim under different policies. Well, that is the good news today, apart from the news that gold is south bound.