HEALTH INSURANCE PREMIUMS SURGE 25% BY THIS YEAR: SURVEY After experiencing an average increase of over 10% in health insurance premiums in 2021, at least three out of five Indians have seen their premiums shoot up by 25% or more in 2022, as revealed by LocalCircles. Such an increase is putting a squeeze on household budgets, especially those of senior citizens who are facing the biggest increase. The survey collected over 20,000 responses in two periods of August 2021 and August 2022 from citizens located in 287 districts of India and asked people about the increase in health insurance premiums they experienced in the last year. Around 38% of respondents had their health insurance premium go up by 50% or more in the last year, while 24% of citizens saw their premium increase by 25%-50% and 11% had seen their health insurance premium go up by 10%-25%. Another 9% paid 0%-10% higher premium. Only 18%, either did not have to shell out more or witnessed a dip in insurance premiums,s ...
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