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| Reliance increases premium rates for Health Insurance. |
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| In the past customers have enjoyed low premium rates for Health Insurance policy of Reliance General Insurance Co Ltd. |
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| 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. |
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| 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. |
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| 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 |
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| You may be surprised to see increase of the order of 221% but I am not at all. |
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| No Insurance Company can go on losing money for a long time as ultimately the shareholders want return on their investment. |
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| As the companies have started getting 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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