Group health insurance premium to see a rise

 

Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation by lone payers.

The increasing cost of medical insurance had obligated companies to surge premiums in group health insurance policies to make the business viable in the past few years. This includes introduction of copayment terms on claims and premiums and a cap on acquisition costs. Some large insurance companies have increased premiums on group health by 10-50%, depending on their experience with the account.