Over 2 in 3 health insurance holders confirm premiums up 50-200% in 3 years

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Over 2 in 3 health insurance holders confirm premiums up 50-200% in 3 years - Business Standard

Quick Summary:

Over two-third of policyholders have seen their insurance premiums increase by 50 to 200 per cent over the past three years, revealed a survey by Localcircles.

On Thursday, insurance regulator Irdai announced that the health premium increase for senior citizens has to be capped at 10 per cent.

When asked about the cumulative increase in their annual health insurance premiums from 2021 to 2024, a striking 8% of respondents reported a staggering rise of 200% or more.