Senior industry executives had said that segments like two - wheelers (few categories) and auto - rickshaws where there have not been very large claims could be incentivised with a lower rate of
premium hike while it could be higher for commercial vehicles.
Not exact matches
While we agree with Alankar that bringing back bond market term
premium would restore balance to the financial system, the ineffectiveness of using rate
hikes to push up term
premium is evident by the on - going curve flattening
For example, some companies will allow the occasional cigar,
while other companies will automatically lump you in with the smokers and
hike your
premiums up.
Again, as with the
premium increases that would be caused by expanded short - term plans and association health plans, people who get
premium subsidies will be insulated from the rate
hikes (via larger
premium subsidies),
while those who aren't eligible for subsidies will be subject to increasingly unaffordable coverage options.
The ministry also said that
while the insurance companies are providing huge discounts to big customers
while «snatching business» from other PSU insurers,
premiums have been
hiked up continuously for individual retail policies.
While providing health insurance plans to the aged, insurers try to protect their own interests by
hiking the fees of the services in the form of
premium.
There are a handful of companies that do not charge an increase in
premium,
while others will
hike up the rate up by 58 %.
For other policies, the service tax on the gross
premium for the first year has been
hiked from 1.5 % to 3 %,
while subsequent
premiums will be taxed at 1.5 %.