Purchasing health insurance, general, motor and property insurance in India, could become more expensive in barely a month's time.
Medical costs have risen by twice as much as overall costs for the fourth year running, says a survey by global consultancy firm, Towers Watson. It is burning a big hole in the pockets of the middle class and the poor alike.
AdvertisementThe bad news is, rising health insurance cover is here to stay.
It was reported earlier that the government has asked insurers to bear the risk of loss-making businesses on their own accounts or else hike the premiums.
This would impact both health and motor insurance as premium rates are expected to jump by about 15-20 per cent.