IRDAI has set a cap of 10% on the annual premium hikes for individuals aged 60 and above.
The idea behind Walkfit was inspired by their personal experiences.
Senior citizens, defined as residents aged 60 years or above but less than 80, have different criteria for filing an ITR.
This benefit does not extend to senior citizens, who have a more advantageous threshold under Section 80TTB.
Currently, Vayovrudha Charitable Trust provides comprehensive care and services monthly to 130 orphaned seniors.