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Insurance

IRDAI caps annual health insurance premium hike at 10% for senior citizens

Move to curb steep premium increases; insurers must seek IRDAI approval for larger hikes

Value Research Team

Senior citizens' insurance premium hike limited to 10% by insurers, says IRDAI

dhanak हिंदी में भी पढ़ें read-in-hindi

In a major relief, the Insurance Regulatory and Development Authority of India (IRDAI) has capped annual health insurance premium hikes at 10 per cent for senior citizens. This decision, effective immediately, comes after reports of steep premium hikes of 50-60 per cent for elderly policyholders.

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