Be ready to get another blow from rising prices, because from April 1, your health insurance premium is likely to increase.
It is being said that this increase can be around 10%.
Due to the coronavirus pandemic, the health insurance companies had stopped the increase in premium till now, but now they are forced to increase the premium in wake of the coronavirus claims worth thousands of crores and IRDAI standard rules.
Most companies revise their premiums from the beginning of the new financial year. In such a situation, companies can increase the premium of health insurance policy from April 1. Let’s take a look at the reasons due to which the increase in the premium of health insurance is considered bound to happen.
Many diseases are included in the policy
The first reason is that the insurance regulator IRDAI has included many serious diseases in the medical insurance policy. Mental problems, genetic diseases, neuro-related disorders and psychological…