This highlights the need for policyholders and insurance providers to consider potential high-cost scenarios, such as hospitalizations exceeding five days and costing over Rs 5 lakh, when designing coverage options
A report states that the average cost of health insurance claims in India is Rs 42,000, with 15% of claims exceeding Rs 1 lakh. The report highlights the need for policyholders and insurance providers to consider high-cost scenarios when designing coverage options. It also reveals that the typical hospitalization period is two days, but more than 21% of hospitalizations extend beyond three days.
Average cost of health insurance claims at ₹42,000; 15% exceed ₹1 lakh: Report thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.