News From Press Health insurers may not go in for premium hike

Health insurers may not go in for premium hike

‘IRDAI not in favour of such a move; the focus now is to clear claims’

The Business Line Jun 10, 2021

A hike in health insurance premium may not be on the cards, at least for now, with the Insurance Regulatory and Development Authority of India (IRDAI) not in favour of such a move at present. “With claims and losses mounting, some insurers were looking at the possibility of revising premium on health insurance this year. However, the IRDAI is not keen on a rate hike in the middle of a pandemic,” said the CEO of an insurance company, adding that the focus now is to clear claims.

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