Rising Health Insurance Premiums and Efforts to Expand Coverage in India
Health insurance premiums in India are rising due to factors like increasing healthcare costs, age-based premium bands, and broader risk pooling. Insurers such as HDFC Ergo emphasize underwriting discipline while expanding coverage for higher-risk groups through products like the ABCD rider. The government is encouraging private banks to boost enrolment in accident insurance schemes to enhance financial inclusion. Consumers are advised to balance premium costs with adequate coverage and optional add-ons to ensure meaningful protection without compromising benefits.