KOLKATA: Kolkata residents may soon have to pay a lower health insurance premium than those staying in other metros like Mumbai, Delhi, Bengaluru and Hyderabad.
Several health and general insurance companies are coming up with a system in which different zones and areas will have different premiums following deregulation of the sector by the Insurance Regulatory and Development Authority. A city or zone with a lower "loss ratio" (actual claims compared to every Rs 100 paid as premium) will now get to pay a lower premium if other factors (like type of policy and age group of the insured) remain the same.
