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   Reliance increases premium rates for Health Insurance
In the past customers have enjoyed low premium rates for Health Insurance policy of Reliance General Insurance Co Ltd.
New rates were announced on 7.4.10 ,thes are increased rates and bring premium rates to more or less at par with /premium rates of other Insurance Companies.
Let us see comparision of old rates vs new rates for a family floater policy where the age of head of the family is 32.
Coverage Rs lakhs No.or family members Policy Old rate was New rate is % increases
2 2 Standard 1640 4493 169
3 4 Standard 3264 8324 155
3 4 Silver 3504 11603 231
You may be surprised to see increase of the order of 221% but I am not at all.
No Insurance Company can go on losing money for a long time as ultimately the shareholders want return on their investment.
As the companies have started gettingĀ  ready for IPO as well as to release / figures in press( every 6 months) / website( every 3 months ) this was expected to happen.
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