Buy optimal mix of base plan and super top-up to check cost of health cover

If your insurer has hiked the premium rate excessively, consider porting

A few insurers have increased the premiums on their health insurance policies by 10-15 per cent. While rising health insurance premiums are a reality that can’t be done away, customers can adopt a few strategies to optimize their cost.

Rising healthcare costs driving up premiums

Several factors are responsible for the latest price revision. “The most important factor is rising health care cost, or medical inflation,” says Naval Goel, founder and chief executive officer, PolicyX.com.

During the pandemic, insurers had to make a higher level of claims pay-out than is customary. “The incurred claim ratios of insurers went up. That