Magazine date:
Jun 2013 The Indian insurance supervisory authorities (IRDA) approved tariff increases of health policies by New India Assurance. The new rates are on average 20% higher than those currently in force.
This measure could trigger similar adjustments in other companies, with New India Assurance being a reference as regards tariffs applied on the market. Indian insurers are complaining about the recurrent losses (120% of premiums) they undergo in health insurance.