Insurers say they will have to study the available data to work out by how much premiums will have to go up to be able to cover mental illnesses as well
Given that medical inflation is estimated at 15% to 20%, a no-claim bonus can provide added benefit
Contrary to popular perception, health insurance is rarely expensive and claims are usually paid by the insurers.
You will lose out on discounts and have to pay a higher premium.
Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
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