u/TurboBeast_

Need some help understanding whether these corporate health insurance premiums for parents are actually justified as per market standards.

In my company, parental insurance is not included by default , employees have to voluntarily opt in and pay the premium themselves.

The premium trend over the last 3 years has been ( Provider - Care Health) :
- Year 1: ~₹28K
- Year 2: ~₹46K
- Year 3: ~₹92K

This is for:
- 2 parents covered
- Family floater policy
- Sum insured: ₹5 Lakhs total
- Effective premium per member: ~₹3,833/month

What is concerning is that despite such a steep increase:
- There is no increase in coverage amount
- No OPD or additional benefits added
- No major enhancement in the policy features

I completely understand medical inflation, claim ratios, and age-related risk factors. But a jump from ₹28K to ₹92K in just 3 years for the same ₹5L coverage feels extremely high, and I’m trying to understand whether this is genuinely the market reality or something specific to certain insurers/corporate setups.

Would really appreciate if people could share:
- Your corporate premium for parents
- Coverage amount
- Insurer name (optional)
- Whether premiums are company subsidized or fully employee paid
- Approximate YoY increase you’ve observed

I also wanted to understand one more thing:
- If an employee made a claim in the previous year, can the company/insurer mandate renewal for the next year without giving an opt-out option?
- And for employees who made no claims at all, is it normal to still bear such a massive increase uniformly?

Trying to understand how common this is across companies before escalating this internally.