How Will You Afford to Pay 8L Premium?
Indians are rapidly buying high‑value health policies, with one‑quarter of new covers exceeding ₹1 crore (≈ $122,000) and health insurance now accounting for 41% of the market. A ₹10 lakh (≈ $12,200) family floater costs about ₹15,000 (≈ $185) today, but age‑related loading and hospital cost inflation can push the same policy to ₹22 lakh (≈ $27,000) annually by age 75. Premiums have been rising 10‑15% per year despite a zero‑GST rate, driven by private‑hospital price pressure and PE ownership. The author recommends a dedicated ₹5,000‑per‑month (≈ $61) SIP to fund future premiums and protect retirement savings.
Can Corpus Replace Health Insurance
Health insurers in India paid roughly ₹32,000 crore ($3.9 bn) on 6.2 million claims in FY25, showing that the industry does settle the majority of claims despite a noisy trust deficit. The author argues that a personal savings corpus cannot replace a renewable...
You Are in the 4%
The IRDAI annual report shows only 4% of India’s 1.4 billion population—about 60 million people—carry personal health insurance. Despite rising medical costs, crowdfunding for treatment has surged 2‑2.5 times since 2022, highlighting a financing gap. The author identifies four barriers to coverage: lack...
A Wake-Up Call
Many Indian health insurance policies offer a free preventive health checkup, yet most members never use it. The blog explains how to locate, schedule, and claim these screenings, highlighting common policy constraints such as frequency limits, waiting periods, and network...
Premium Hike Despite Zero GST
A recent customer complaint highlights that health‑insurance premiums in India have surged despite the government’s GST waiver. The policy cost rose from Rs 21,996 (≈$265) in March 2021 to Rs 34,409 (≈$415) in March 2024 – a 24.86% increase after GST removal. Insurers cite...