IRDA asks health insurers for indicative premiums for five years

The Insurance Regulatory and Development Authority (IRDA) has asked health insurance companies to indicate premium to be paid by the policyholder in the first five yearswhile filing new products for its approval. However, the companies are free to increase the renewal premium based on medical inflation, cost of healthcare and its underwriting practice, say insurance industry sources.

http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-asks-health-insurers-for-indicative-premiums-for-five-years-on-new-products/articleshow/17004035.cms