Choose health insurer with care

Unlike life insurance, health insurance has to be renewed almost every year

Recently, when New India Insurance decided to raise the premium on its mediclaim policy by up to 20 per cent, a key reason it offered was that its health insurance claim ratio is high. In its case, the hike may have been justified by the fact that it was coming after five years. But are you aware that certain ratios, available in the public domain, can help you tell which insurers are more likely to hike their premiums in the near future? Today, buyers need to use a mix of quantitative and qualitative criteria to be able to choose the