Your health insurance premiums could start going up in the days to come. Group health insurance policies – offered by employers to their employees and families – have already risen in April, when many such contracts come up for renewal, say experts. According to a Marsh-Mercer benefits survey, employer-sponsored medical benefit costs in India are expected to increase by 15 percent in 2022.
Soon, it could be the turn of your individual policy premiums, as insurers reeling under the COVID-19-linked claim burden and rising healthcare inflation seek the insurance regulator’s nod to hike rates. Industry watchers feel retail health premiums could see an 8-15 percent rise.