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Indians to Pay Upto 20 Percent Higher Health Insurance Premiums in 2012

by Lakshmi Gopal on March 8, 2012 at 7:29 PM
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 Indians to Pay Upto 20 Percent Higher Health Insurance Premiums in 2012

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.

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The 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.



Source: Medindia
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