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Health cover pricing under review amid rising claims
![IndiaTimes]()
Friday, 16 February 2024
Non-life insurance players propose 'cohort-based pricing' to increase premium for policies with high claims. Dilemma over claims exceeding premium and unaffordable premiums. Proposal supported by health insurance companies, opposed by regulator and public sector general insurance company. Disproportionately affects seniors and those with chronic health conditions. Surge in healthcare costs after the pandemic.
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