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
What would you do if someone told you that you are entitled to a discount on your insurance premium and that by making an instant payment towards it, you will save 20 or even 30 per cent of the premium? When colossal frauds amounting to crores are taking place, why would someone perpetrate a minor … Read more
I recently came to know about the option to pay insurance premiums with a credit card. Are there any additional charges associated with using a credit card for such payments? —Name withheld on request The process to pay insurance premiums through credit card is very similar to the other digital payment processes. The customer can … Read more