High Premium for health insurance policy on Website – But low for my friend ? How is it possible ?

POSTED BY rajan.panchal24 ON October 18, 2013 2:08 pm ONE COMMENT

I have a question. One of my colleagues have health insurance for his parents and he is just paying 5k for 5lac (age is more than 60), however when I see on the website, I see the premium as high as 30k. When I asked him he said he is having this insurance since 9 years but what I understand is that health insurance needs to be taken yearly, So how come the premium is so low

Thanks,

One reply on this article “High Premium for health insurance policy on Website – But low for my friend ? How is it possible ?”

  1. ashalanshu says:

    Dear Rajan, the sum assured is high due to accumulated no claim bonus.

    Thanks

    Ashal

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