Health Insurance Rates to go up in 2008

After reading the news item that effective Jan.1,2008 premium rates for Fire + all risks will go down further ,we have been approached by many customers located all over the country that what reduction they can expect in the premium rates for health insurance.

It is true that rates for Fire + all risks policy for low risk clients will go down but we foresee that rate for health insurance will get strengthened or we can say go up only .Reliance General Insurance had increased the rates in Dec. 2007 itself .Other Insurance co’s will have the tendency to increase the rates as and when it is possible for them. Co pay will be used as another alternative to not to increase the rates. But ultimately the client will pay for the same at the time of lodging of the claims.

Our suggestion to those who are considering buying health insurance in near future is not to wait for long but go in for issue of the policy at the earliest as the premium rates will go up.