Zone-wise premiums, consumables cover now available in health insurance

While policies with more robust features are becoming available, subscribers should watch out for sub-limits and caps.

Care Health Insurance has launched a policy called Care Classic, which charges a lower premium from people belonging to non-metros. Over years, insurers have come out with policies offering better benefits. Customers having older products should consider porting to them to enjoy the benefits of these features.

Differential-based premium

In Care Classic, people belonging to non-metros will pay a lower premium. “People who live in smaller towns on average incur lower health care costs and hence merit a lower premium,” says Ajay Shah, director and head-retail business, Care Health Insurance.  

Such products offering zone-wise differentiated premiums were available earlier also.