Document Overlap
57.5%
← Content Overlap Report
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First documentRATIONALE FOR PROHEALTH PRIME PREMIUM REVISIONOpen original ↗
A-813
Second documentRationale For Prohealth Select Revision | ManipalCignaOpen original ↗
High overlap
Top paragraph overlap
92.3%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph6 words
RATIONALE FOR PROHEALTH PREMIUM REVISION
ManipalCigna ProHealth Prime Insurance(UIN: MCIHLIP26036V022526 )
92.3%
Second paragraph5 words
Rationale For Prohealth Select Premium Revision
ManipalCigna ProHealth Select (UIN: MCIHLIP26037V052526 )
First paragraph115 words
RATIONALE FOR PROHEALTH PREMIUM REVISION
ManipalCigna Health Insurance (MCHI) has observed rapid deterioration in claim ratio for its retail product due to increase in hospitalization incidences as well as outpatient expense utilization. The ultimate incurred claim ratio observed for “ManipaCigna ProHealth Prime Insurance” product during the financial year 2024-25 is 64.1%. The Company expects the claim experience to further deteriorate in the near future due to portfolio becoming more mature (which reflects high claim outgo) and the medical trend (estimated at ~12%-13% per annum in India). In order to keep this product financially viable and self-sustainable, MCHI has increased the premium rates for this product, for the first time since it’s launch in April 2022.
63.7%
Second paragraph65 words
Rationale For Prohealth Select Premium Revision
ManipalCigna Health Insurance (MCHI) has observed adverse claim ratio for its retail product over the years due to medical inflation and increase in hospitalization incidences. The ultimate incurred claim ratio observed for “ManipalCigna ProHealth Select” product during the financial year 2024-25 is 77.2%. In order to make this product financially viable and self-sustainable, MCHI has increased the premium rates for this product