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Health, term insurance price indices mark a huge jump in Q2: report

India covid-19 Health
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₹25,197 in the index value. The index of health insurance had been constant in the previous two quarters, namely Q4FY20 and Q1FY21 at ₹24,026, according to the report.

A few health insurance companies didn’t increase their premium prices in the last couple of years and then the radical increase in the number of claims due to covid-19 has led to this change.

Moreover, the additional coverage of several diseases such as mental disorders, genetic diseases, neuro-related disorders, psychiatric disorders, etc., is responsible for the sharp increase in health insurance premium prices.

Analysing the impact segment-wise, then, the highest surge is witnessed in the premium prices of the two adults category, i.e., 5% followed by the two adults and

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