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flag India caps health insurance premium hikes for seniors at 10% to combat rising costs.

flag The IRDAI in India has capped annual health insurance premium increases for senior citizens at 10% to address rising costs and protect this vulnerable group. flag Insurers must consult the regulator if increases exceed this limit or if they plan to withdraw such products. flag The move aims to standardize hospitalization costs and claims outgo through common hospital empanelment and package rate negotiations.

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