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A Hike In Health Insurance Premiums Fails To Deter Demand
Premiums have risen in the last two months after IRDAI directed insurers to either add features to policies or make them uniform.
25 Nov 2020, 06:49 PM IST
Premiums of health and general insurance have risen in the last two months after the sector regulator introduced standardisation norms, directing companies to either add features to their products or make them uniform.The Insurance Regulatory and Development Authority of India permitted an increase of up to 5% in premiums. Beyond that, the regulator had the discretion to allow hikes on a case-to-case basis. Standardised clauses are a...
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