COVID-19 impact: Expect 15% hike in health insurance premium by next quarter
While insurance companies have not hiked the premiums on health plans as yet, there are high chances that it may happen soon. Industry players see a hike in 10-15 per cent range in health insurance premiums by next quarter.
COVID-19 is also one of the reasons for the expected premium hike
The daily surge in COVID-19 cases continues in the country, with India crossing the 2-lakh mark on Thursday. Hospitalisation due to coronavirus, and hence health insurance claims, are also on the rise. While insurance companies have not hiked the premiums on health plans as yet, there are high chances that it may happen soon. Industry players see a hike in 10-15 per cent range in health insurance premiums by next quarter.
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