Rising Heath Insurance Premiums

Sorry friends If I am the cause if repetition of the subject of rising health insurance premiums in this circle.

I was traveling in between and just went through the LocalCircles report

https://www.localcircles.com/a/press/page/health-insurance-premium-increase

Dont the administration people see that 38% people had premiums increasing by over 50% as a problem.

Is the IRDA sleeping or are they hands in gloves with insurance companies.

I mean they have built Delta costs for 2022 and that hasnt been the case like report says. Then why not lower the premium. more

Issues with various Insurance Services in India: Inputs Sought

Below are some of the key issues listed by you in the past in regards to insurance in India. Kindly review and share any additional inputs you may have on the same. We look forward to your inputs and then escalating the same for policy and enforcement interventions! Insurance in India - Key Issues 1.Cost of treatment when not hospitalized, not covered 2.Premium charges are very high 3.Claim processing is slow 4.No reason is given for the rejection of the claim 5.The duration in which a claim will be settled is not mentioned 6.Vehicle loss surveyors have thick closeness with fraudsters, their commission from fraud claim settlement is fixed 7.Application forms are lengthy and confusing 8.Terms and conditions are printed in small letters which usually go unnoticed 9.Sales executives do not give out the complete details while selling 10.Many frauds happen in the insurance sector 11.Mediclaim for senior citizens is very expensive 12.Grievance redressal channel is very bad 13.All companies don’t offer cashless insurance 14.All hospitals are not covered under the cashless program.

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R V K BABU

If we start a separate account and save the supposed premium money, we will have enough money to get treatment . Need to be started while young. That savings should not not be used for other purposes. more

Jan 09

H.P. Gurg

Yes. The Premiums are rising Every Year. Govt/Insurers must think of Senior Citizens, and Charge Judiciously. And give benefits where ever possible. Say Do no Charge GST for Senior Citizens. more

Sep 17

Padam Law

I agree. The premiums for Health Insurance are far too high. These need to be reduced by 50%, at least for senior citizens, who have limited income opportunities, specially those who do not get the benefit of Pensions. more

Sep 03

Mukut Debchoudhury (i am an nri)

i had a health insurance from bajaj insurance, in 2019 premium increased from 4200 to 48000 rs , but in 2021 they hike 100% they asked me to pay 98000 / i had wrote to irda but not action ,there was no claim from date i took the insurance more

Sep 02

Raghavendra Rao

The very fact that a report has been generated(the attachment) is indicative that someone in the government has been looking at it. It takes lot of time in the government for any action more

Sep 02

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