Premium hike in Group Health Insurance has started, companies are preparing to increase by 10-15%. Zee Business

Group Health Insurance: There is a big update for those taking health insurance coverage. If you have taken health insurance coverage for yourself and your family through a group insurance policy of your employer and your premium is also deducted from your salary, then the deduction can be increased. Most of the companies have made preparations to increase the premium of group insurance by 10-15%.

In fact, due to the continuous increase in the burden of claims related to Kovid and medical inflation, the pressure in group mediclaim is increasing and the loss ratio of companies has increased significantly in the last few days. Government general insurance companies hold up to 70% of the group mediclaim.

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Start of increasing the premium in group health insurance

Let us tell you that the increase in premium in health insurance can start. With this, preparations are underway to increase the renewal of companies by 10-15%. At the same time, the loss ratio of companies in group insurance is increasing continuously. Where 70% of the Group Insurance business is with PSU General Insurance Companies. Due to this there is pressure on companies due to medical inflation and Kovid claims.

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