Health insurance premium stable in Jul-Sep

New Delhi: Health insurance was relatively stable from July to September despite reports of higher premiums during the pandemic, according to insurance price index data for the third quarter of 2021 compiled by insurance aggregator

“The health insurance price index remained calm in the third quarter of 2021. The health insurance price index reached Rp 25,124 until the fourth quarter of 2020. This was due to the absence of price increases throughout the year. Health insurance companies included in the index. ”

Naval Goel, Founder and CEO of, said: Although the pandemic has increased the frequency of insurance claims, the need for insurance has increased among Indians, which should be a catalyst to accelerate the growth of the industry. ”

The average premiums paid across the 26-year-old categories were 16,695 Renaults for 10 Renaults and 13,140 Renaults for 5 Renaults, which underscores the fact that the premiums do not increase in proportion to the premiums. .. Insurance premiums increased by 27% versus 100% while insurance claims increased from Rs 5 to 10 larks.

The addition of articles to the family ship policy also does not increase insurance premiums proportionally. In fact, adding an adult under the same age to the same policy increases your premium by an average of 50%. If you add your first and second child to the policy, the increase will be smaller (11.9% and 13.7%).

Of the five companies included in the index, premium diversification in health insurance is very high, 59-76% for different age groups compared to diversification in risk insurance. That is a range.

This is mainly due to the fact that health insurance and term life insurance have significantly different coverages, functions and benefits.

The premiums listed apply to all age groups 26, 36, 46, 56 and all types of insurance (1 adult, 2 adults, 2 adults and 1 child, 2 adults) and 2 people) averaged by 5 health insurance companies. Children.