Health insurers may have to reveal hike in premium when claims are made

MUMBAI, JAN. 18: 

Insurers may have to include information relating to hike in future premium in the event of claims in their health insurance policy document.

This move is intended to remove any ambiguity about premiums going up (loading) following claims in the previous year. Currently, not all health insurance policies clearly illustrate this loading structure.

The clarity on loading in premiums in the event of claims is one of the important recommendations in the draft health insurance regulations proposed by the insurance regulator.

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