New India Assurance to raise health insurance prices by 10% from this date: Report

The move comes as a response to rising loss ratios and new IRDAI regulations, the report added.

Updated on: Jul 30, 2024, 14:01:14 IST

By HT News Desk

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New India Assurance will increase premiums by 10% on nine health insurance products starting November 1, 2024, CNBC-TV18 reported citing sources. The move comes as a response to rising loss ratios and new IRDAI regulations, it added. This price increase is in the insurer's 25 percent of its health portfolio, sources told the outlet.

The move comes as a response to rising loss ratios and new IRDAI regulations, it added.

Read more: ITR filing 2024: How can you check income tax refund status online using PAN card?

Following the report, shares of New India Assurance Limited were trading more than 3 per cent at ₹289.35 apiece on BSE. Shares of General Insurance Corporation of India (GIC RE) were also up 5 per cent to ₹422.80 apiece after the reports.

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New India Assurance to raise health insurance prices by 10% from this date: Report

The move comes as a response to rising loss ratios and new IRDAI regulations, the report added.

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Read more: ITR filing 2024: How can you check income tax refund status online using PAN card?