Health Insurance premium is going to be increased (may be 25%) in near future

Health Insurance premium is going to be increased (may be 25%) in near future

Due to various measures taken by IRDAI with respect to certain diseases, like mental disease being covered under Health Insurance policies there is need to increase the premium. We understand various insurance companies are submitting their updated products with higher premium rates. Indications are that increase may be as high as 25% Covid 19 has also added another dimension to this.

It is suggested to those who have to renew the policy - do it as soon as possible. Those who wish to buy health Insurance -buy it at the earliest. It will be a good idea to buy a policy for 2 years or may be 3 years so that you can have effective saving.