Health insurance premiums with deductibles and multi-year premium reductions may help to mitigate the effect of the price rise, but coverage will be limited.

Your health insurance rates may begin to rise in the coming days. Experts claim that group health insurance plans, which are issued by businesses to their workers and families, have already increased in April, when many such contracts come up for renewal. Employer-sponsored medical benefit expenses in India are predicted to rise by 15% in 2022, according to a Marsh-Mercer benefits study.

Health insurance premiums with deductibles and multi-year premium reductions may help to mitigate the effect of the price rise, but coverage will be limited.

Your health insurance rates may begin to rise in the coming days. Experts claim that group health insurance plans, which are issued by businesses to their workers and families, have already increased in April, when many such contracts come up for renewal. Employer-sponsored medical benefit expenses in India are predicted to rise by 15% in 2022, according to a Marsh-Mercer benefits study.

Understand the significance of health insurance premium revision as you age.

You are not alone if you have suddenly noticed an increase in your health insurance rate. Since the IRDAI-imposed recommendations on standardisation of health insurance exclusions entered into effect on October 1, 2020, insurers have altered health insurance premium prices as a one-time step to safeguard the profitability and sustainability of current policies.

Understand the significance of health insurance premium revision as you age.

You are not alone if you have suddenly noticed an increase in your health insurance rate. Since the IRDAI-imposed recommendations on standardisation of health insurance exclusions entered into effect on October 1, 2020, insurers have altered health insurance premium prices as a one-time step to safeguard the profitability and sustainability of current policies.