Welcome to our website! We are inviting you to fully explore our website, & would always like to aid you in your Financial needs in numerous ways. Our stringent code of ethics places the client’s needs above all others and demands uncompromising integrity in every aspect of our business. This website is fully devoted to helping you to learn more about the Financial Planning. We are simply here to protect you & your Investment related decisions.
read more...
* The above analysis is based on the schemes available for online purchase on this website
Health insurance policies with deductibles and multi-year premium discounts can cushion the premium hike impact, but coverage will not be comprehensive.
The new business premium, or the first-year premium, of 23 private sector life insurance companies, posted a 22.74% Y-o-Y growth to Rs 115,503.12 crore for 2021-22, while IPO-bound LIC registered a 7.92% Y-o-Y increase to Rs 198,759.85 crore.
As regards the cost and duration of hospitalization, the survey said that maternity and chemotherapy have the highest per-day hospitalization costs.
Soon-to-be listed public sector insurance behemoth LIC registered about 8% growth in its new business premium income at Rs 1,98,759.85 crore in 2021-22, against Rs 1,84,174.57 crore in the previous fiscal, as per the data shown by Irdai.
IRDAI has recently extended the timelines for the sale and renewal of short term Covid specific health insurance policies.
The report said that maternity is an optional benefit and many organizations do not opt for it due to employee demographics and cost.
Unlike life insurance, the premium of health insurance not only changes with the age of the insured person(s) but also increases every few years with the increase in the cost of treatment.
