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Thread: Do insurance premium increase every year?

  1. #1
    NewBie
    Join Date
    Feb 2016
    Location
    Ahmedabad
    Posts
    1

    Default Do insurance premium increase every year?

    Once we buy health insurance ,then does it premium increase every year or it will remain same ? If it increases every year then by what percentage does it increase?


    Thanks



  2. #2
    Administrator
    Join Date
    Apr 2009
    Location
    Chennai
    Posts
    255

    Default

    Yes, every year insurance premium increases with age of the insured. It may or may not be a fixed percentage e.g. depend on age, job profile, past year claim ratio etc.
    You will pick up maximum wrong numbers when on roaming.

  3. #3
    NewBie
    Join Date
    Feb 2015
    Location
    India
    Posts
    8

    Default

    Yes, it increases every year because of following reasons:
    1) increasing age factor
    2) Medical inflation
    3) demographic of those insured by your insurance company


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