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IRDAI Having Internal Talks To Cap Health Insurance Premium Hikes

It has been clarified that IRDAI is not in talks with insurance companies currently.

Heena Ojha

Internal talks in IRDAI underway for health insurance premium hikes. (Photo: iStockphoto)

Internal talks are currently underway in Insurance Regulatory and Development Authority of India to consider capping health insurance premium hikes, sources told NDTV Profit.

It has been clarified that IRDAI is not in talks with insurance companies currently. If talks fructify, the insurance regulator might cap health insurance premium hikes to 10% from next year. This would imply that the companies would not be allowed to raise the premiums more than 10%.

(To be updated)

Also Read: Scrapping GST Without ITC Will Push Insurance Prices Higher By 6–10%: Macquarie

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