knight
TF Legend
I took health insurance from Aditya Birla last year for my parents (eldest member 57).
It's a multi-individual plan covering both parents and younger brother for 10L each. Took it since the diff wasn't much from family floater. I took it offline since I wanted my parents to be able to reach an agent for support while claiming.
I had asked the agent for approx yoy rise while buying and she had said around 1k per year, and a bit more when my parents touch 60,70 etc.
The premium was around 36k and now they have raised it to 40k.
There have been no claims in the last year.
Is it usual for health premiums to rise this quickly? A straight 11% rise year on year, and this is when both parents are below 60.
How has your experience been with renewing health insurance policies? Is this usual or shall I talk to the company and discuss this?
It's a multi-individual plan covering both parents and younger brother for 10L each. Took it since the diff wasn't much from family floater. I took it offline since I wanted my parents to be able to reach an agent for support while claiming.
I had asked the agent for approx yoy rise while buying and she had said around 1k per year, and a bit more when my parents touch 60,70 etc.
The premium was around 36k and now they have raised it to 40k.
There have been no claims in the last year.
Is it usual for health premiums to rise this quickly? A straight 11% rise year on year, and this is when both parents are below 60.
How has your experience been with renewing health insurance policies? Is this usual or shall I talk to the company and discuss this?