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Niva Bupa May Hike Health Insurance Premium by 9%
Business Standard
|August 04, 2025
Standalone health insurer Niva Bupa is likely to increase premiums on its health insurance products by 8-9 per cent in FY26 to account for rising medical inflation, said a senior executive of the company.
"Price revisions depend on the product cycle. Last quarter, we increased premiums for our Reassure 2.0 product by 7 per cent. More revisions around 8-9 per cent are planned at portfolio level. Products have different revision cycles. It is important to price annually for medical inflation, rather than making large jumps every year," Vishwanath Mahendra (pictured), chief financial officer (CFO) of the company, told Business Standard.
Medical inflation refers to the rising cost of healthcare services and treatment. Medical inflation in the country has been hovering over 10 per cent and was projected to be around 13 per cent in FY25. In FY24, it was 12 per cent.
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