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Hike in premium of 30% HDFC health Suraksha
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12 Apr, 2023
by Devansh Gandhi
I had purchased a Rs 10 lakh policy for my father in law (individual policy) from HDFC for 37k and now they have sent me a renewal with 50 k as premium. I understand there are premium increase in age bracket but in this case my father in law was 62 when we purchased the policy and currently at 63 they have hiked to 50k.
Should I port as i think i can get better rates as 50 k is too high a premium for 10 lakhs?
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Dear Mr Gandhi
There was a hike of over 30 % in 2021 due to poor experience in Covid .
But there is no increase in 2023 .
Now there will be increase at age 65 due to change in age slab .
Best wishes
Shailesh
Insurance Samadhan