Higher premiums will likely apply to Delhi residents seeking fresh policies. Insurance industry professionals said there has been an increase in claims from Delhi residents and costs of settlements have also risen. Capital residents who are deemed high risk given air pollution levels will likely pay the highest premiums.
MUMBAI:Bad air is hurting Delhi residents’ lungs. Soon it will hurt their wallets. Premiums on health insurance cover for the national capital’s residents are set to rise 15-20%, as insurers factor in higher health risks from the city’s now-infamous air pollution levels. Delhi’s air quality was again officially described as “poor” on Thursday. Higher premiums will likely apply to
in Delhi is a huge burden to the insurance industry. Over the next few years, health insurance claims of Delhiites will potentially far surpass the Indian average,” said Anik Jain, cofounder, Symbo, an insurance broking company. He said premiums on life insurance and even travel insurance may go up, thanks to changes in mortality rates and frequent flight cancellations, respectively.