Finance Desk – Starting on November 1, 2024, New India Assurance is going to increase the prices of nine of its health insurance plans by 10%. This decision comes because the company is losing more money on these plans and there are new rules from the insurance authority, IRDAI, that they need to follow.
This price rise will affect a quarter of all the health insurance plans they offer.
It’s important to note that the prices for the company’s main health insurance products will not change. Health insurance is a big part of New India Assurance’s business.
After this announcement, the value of New India Assurance’s shares on the stock market went up by more than 3%, and shares of another insurance company, General Insurance Corporation of India, also increased by 5%.
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