Champion Finserv is a leading financial services firm specializing in various aspects of Personal Finance such as Investment Management, Risk Management, Wealth Management, Succession Planning, NRI Services and more. Established in 2005 in Mumbai, Champion Finserv now serves clients all across the city, country and around the globe.
Our values, 25+ years of combined professional experience, expertise, tech-savvy solutions and amiable team makes us a trusted financial partner of choice....
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* The above analysis is based on the schemes available for online purchase on this website
Health insurance policies with deductibles and multi-year premium discounts can cushion the premium hike impact, but coverage will not be comprehensive.
The new business premium, or the first-year premium, of 23 private sector life insurance companies, posted a 22.74% Y-o-Y growth to Rs 115,503.12 crore for 2021-22, while IPO-bound LIC registered a 7.92% Y-o-Y increase to Rs 198,759.85 crore.
As regards the cost and duration of hospitalization, the survey said that maternity and chemotherapy have the highest per-day hospitalization costs.
Soon-to-be listed public sector insurance behemoth LIC registered about 8% growth in its new business premium income at Rs 1,98,759.85 crore in 2021-22, against Rs 1,84,174.57 crore in the previous fiscal, as per the data shown by Irdai.
IRDAI has recently extended the timelines for the sale and renewal of short term Covid specific health insurance policies.
The report said that maternity is an optional benefit and many organizations do not opt for it due to employee demographics and cost.
Unlike life insurance, the premium of health insurance not only changes with the age of the insured person(s) but also increases every few years with the increase in the cost of treatment.
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