ICICI Lombard Clarifies: No Fresh Underwriting Or Premium Hikes At Renewal For Material Changes
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out that the clause, as some insurers use it, runs against IRDAI rules that bar changing a policy at renewal because of past claims or newly declared health conditions.
More of Abhishek's views on debt and loans
The article explains the material change clause in health insurance, which asks policyholders to disclose new health conditions. It reports a general insurer's clarification that renewal will not involve fresh underwriting or health-based loading, and notes IRDAI rules against selective premium increases.
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ICICI Lombard Clarifies: No Fresh Underwriting Or Premium Hikes At Renewal For Material Changes