Why your health plan premium is suddenly spiking
- Health insurance premiums are shooting up for many Indians. Why is it happening and what can be done?
- In light of the fact that covid-19 has popularized health insurance, it is important for India to move toward an insurance regime that is more affordable, consistent and transparent
CHENNAI : At a time when having a health insurance plan should have been a reason for comfort, Ram Manohar Reddy (48), an investment professional based out of Hyderabad, was in for a shock instead. Earlier this year, his insurer sent him a renewal notice for his health insurance policy. The premium hike was an eye-popping 200%—up from ₹21,762 to ₹66,667.