Senior citizens may see spike in premiums in wake of Covid-19 crisis

Since they are more vulnerable, medical insurers may become more wary

With a lot of medical insurance policies coming up for renewal during the March-April period, senior citizens would be a worried lot. The Covid-19 crisis has hit the elderly quite badly. And there are chances that insurance premiums for them might go up, say industry experts. “Insurers were already planning to increase premium across various age groups. However, since the likelihood of filing claims for Coronavirus by senior citizens is more than the average filed health claims, insurers may increase the premium in anticipation. 

Chances are health premiums may see a hike of 30-50 per cent for senior citizens,” says