 "health insurance")
A health insurance claim is supposed to protect you from financial shock — not quietly raise your future costs. Yet some policyholders are discovering that making a claim can make their insurance more expensive, even though regulators explicitly prohibit claims-based loading.
What is claims-based loading?
Claims-based loading refers to an increase in premium solely because a policyholder made a claim in the previous policy year. The Insurance Regulatory and Development Authority of India (Irdai) Health Insurance Regulations, 2016 clearly prohibit this. Insurers cannot raise premiums merely because a claim was made.
Premiums can rise due to age-related factors or a
