Health premiums have gone up by more than 50 per cent for approximately 5 per cent of the policyholders this year while for around 43 per cent, it has gone up by 5 per cent, data compiled by insurance aggregator Policybazaar revealed.
However, around 23 per cent of the policyholders have seen no change in their health premiums.
Experts suggest the premium hike of up to 5 per cent is because of various changes the regulator has brought in to standardise health products and make them more customer centric. From October 1, insurance companies have had to include certain illnesses which they could earlier exclude from their coverage.
But post insurance regulator’s diktat, insurers have now included treatment for mental illness, age-related degeneration, internal congenital diseases and artificial life…
