The premium amount of health insurance is fixed for lifetime if i want to continue it? Or it can be changed after 5years? If any year i claimed my policy amount. Next year can i continued with same policy or i have to started with new one.
Mondal-There will be no premium hike based on your claim. It is already scrapped by IRDA. However, there will be change in your premium based on the age slab of an oldest person in family floater. In case of an individual health insurance plan, they charge higher based on the age slab they fixed like 30-35 yrs of age, one premium and 35-40 years another premium and so on.