The premium is fixed on the basis of the age band. Such premium is the same for someone with or without a claim history. So your premium would not increase on renewal My senior citizen mother was treated for covid-19.
The insurance company covered part of the claim on her individual health insurance policy as the amount was more than the sum insured.
Will the premium be hiked, as it is due for renewal? Will this also affect the future sum insured? This was the first claim on the policy, which has been running for 10 years. —Name withheld on request The premium on an individual’s policy cannot be increased based on the claim experience, once an insurance policy is bought.