Health insurance needs healthy money

There could be huge hikes in insurance premiums for individuals who are 45 year-old or above. General insurance companies of public sector are planning 15-20% increase in the premiums of health insurance policy. The increase in the premium will depend on the age of the person seeking the insurance cover. There is also some good news for the people who are less than 35-year-old, as the Oriental Insurance Company is slashing its prices by 25%. Insurance companies are not keen on picking up the medical bills for people aged 45 years or above. Since such claims are big in numbers, the companies want customers to share about 20% of the total expenses incurred on medical needs.

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