Port and combine your base health policy with a top-up to prune cost

Features like recharge and guaranteed no-claim bonus enhance the cost-effectiveness of health insurance policies

Health insurance premiums have, on average, risen 4.78 per cent year-on-year in the third quarter of 2022, according to PolicyX.com’s health insurance price index. The index, computed by factoring in price changes by five leading insurers (across age groups and sum insured) is an average figure. Many customers would have experienced much higher premium hikes--of 20-40 per cent--over the past year.

Adverse claim experience

One key driver of premium hikes is insurers’ adverse claim experience. “Both, the number and the average size of claims rose during the pandemic,” says Kapil Mehta, co-founder and chief executive officer (CEO), SecureNow.

The pandemic,