Is a 40-50% hike in annual health insurance premium on renewal possible?
Is there a limit on how much insurance companies can increase renewal premiums by? As individuals age, could they face a 40-50% hike in premiums? —Name withheld on request. Unfortunately, there’s currently no cap on health insurance premium increases in India. This, indeed, can be a burden, particularly for older individuals. While premiums can rise … Read more