Insurers say claims due to Covid treatment at hospitals are steadily increasing, while the pandemic has also led to medical inflation reaching 19.5 percent. In addition, they insist that with some hospitals not adhering to standardised rates, exaggerated medical claims are being filed. Regulator IRDAI has, however, clarified that it has only permitted the insurers to change the base premium by /- 5 percent from the originally approved rateHere’s why your health insurance premiums have risen sharply in 2020
Insurers say claims due to Covid treatment at hospitals are steadily increasing, while the pandemic has also led to medical inflation reaching 19.5 percent. In addition, they insist that with some hospitals not adhering to standardised rates, exaggerated medical claims are being filed. Regulator IRDAI has, however, clarified that it has only permitted the insurers to change the base premium by /- 5 percent from the originally approved rate
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