Medical claims inflation is running at 10 % a year, meaning the size of claims is doubling every 7 years.
Not exact matches
IRDA's move to slash
claim - based loading and bring in life - long renew ability have caused the premiums to increase, no to forget the surging
medical inflation.
A high no -
claim bonus may cover you against the
medical inflation on its own.
He further added that while no -
claim bonus may provide cover against
medical inflation to an extent, a
claim may bring down the overall protection cover and hence a review is needed.