No steep premium hike for well being insurance policies: Irdai

The Insurance Regulatory and Development Authority of India has dominated out a steep hike in premium of medical health insurance insurance policies amid reviews of a fast rise in claims by policyholders. It stated a well being regulator would have helped by way of adherence to therapy protocols, reasonability of expenses and repair high quality at hospitals.
“It has already been clarified that there has been no such steep hike across the board for health insurance. Despite additional pressure due to Covid-19, insurance companies have been able to manage their affairs without any disruption,” outgoing Irdai Chairman Subhash Chandra Khuntia, whose three-year tenure ended Wednesday, stated earlier this week. “Irdai is monitoring the situation closely for remedial action, as needed from time to time,” he stated.