(a) whether there is any proposal by the New India Assurance Company to enhance the rate of
premium of Medi claim and other policies in Health Sectors in the near future;
(b) if so, the details thereof;
(c) whether any irregularity/corruption has come to the notice of the Government under
mediolainn;
(d) if so, the details thereof and the action taken thereon; and
(e) the steps p roposed to be taken to streamline it?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) & (b): New India. Assurance Company Limited (NIACL) has launched a revised Medici aim
Policy w.e.f. 16.08.2007 with enhanced premium rates. Worsening of the claim ratio in
respect of Medidaim policies from 102% in 2003-04 to 128.71% in 2005-06 forced the company
to revise the premium rates upward in order to redi.ee the losses. Based on the region-wise
claim experience of the mediclaim portfolio, NIACL has divided the country into three zones
with varying premium rates. These are:
Zone- I Mumbai
Zone-II Delhi and Bangalore
Zone-III Rest of India
(c): No, Sir.
(d) & (e): Do not arise.