Tackle rising mediclaim premiums with lifestyle-based incentives

Buy top-up policies and wear fitness trackers. The latter will entitle you to discounts at the time of renewal

Hospital bills have risen significantly in the past two decades. This is clearly reflected in the healthcare inflation reported by 2017 Global Medical Trends Survey Report: It stood at 12.5 per cent in 2016. The cost of treating lung cancer, for instance, has risen from around ~2 lakh in 2000 to ~5 lakh in 2017. Health care inflation has had a direct impact on health insurance premiums. Various insurance companies recently increased their premiums by 20 per cent for the younger age group and by as much as 100 per cent for senior citizens.
 
Apart from healthcare inflation, five