Health cover charges to rise by 30%, insurance companies claim

 

 

 

The four public sector non-life companies, which have a 70% share of individual health policies, have received approval from the regulator to raise rates for individual mediclaim policies. Prices are set to rise by 20-30%, depending on the age group of the insured.

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Insurance News: India International Insurance to expand in Asia

Singapore-based India International Insurance Pvt Ltd (III), a joint venture of India’s five state-owned insurance companies, plans to expand operations into Vietnam and Malaysia in the coming years, its director N S R Chandraprasad has said.

III, which was formed as a regional business unit in 1987 by Indian insurance companies, has grown over the last 25 years, providing cover worth millions of dollars, told a press conference. Read more