On January 30, the India Insurance Development and Development Authority (IRDAI) issued a circular that orders insurers not to review the premium for older people by more than 10 percent annually. If an insurer proposes to increase the premium for the elderly at more than this level, it must obtain the previous approval of IRDAI.

Complaints

Three factors lead to an increase in health insurance premiums. One is medical inflation, which in India is around 14-15 percent. The second is the insurer’s claims experience, and the third is the change in the age group. Once a customer moves