Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said a plan that ignores rising health premiums can derail goals, called a deductible option a last resort, and warned that porting only for a lower premium may not work for long.
More of Abhishek's views on insurance
Economic Times reports a LocalCircles survey of 11,000 people in 324 districts, which found that 52% of health insurance policyholders saw premiums rise by over 25% in the previous 12 months, down from 62% in its 2022 survey. It looks at causes such as medical inflation, GST and pandemic-era claims, the effect on senior citizens, and options such as multi-year policies, co-pay and porting. It includes comments from Abhishek Kumar.
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Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced
