Tag: health insurance california

Life insurance market sees revenue dip by 2% to US$14bn in 2023

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Life insurance revenue in Indonesia reached IDR219.70tn ($14bn) in 2023, dipping by 2% compared to IDR224.09tn in 2022, according to the Indonesian Life Insurance Association (AAJI). AAJI chairman Budi Tampubolon said, “The general decrease in total revenue was due to a fall in the premium income component which was recorded at negative 7.1%.” Life insurance premium income was recorded at IDR177.66tn in 2023. Other components of total revenue, namely, investment returns, recorded a positive figure of IDR32.03tn in 2023, representing a jump of 46.2% compared to 2022, reported Antara News Agency quoting data from AAJI. “Improving the investment climate and…Continue Reading

Premium rates skyrocket for millions of Aussies, here is the damage to you

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Aussies will be hit with the biggest price hike to private health insurance premiums in five years, the federal government has confirmed. Premiums will increase by 3.03 per cent, on average, with federal government approval, and will come into effect from April 1. This is higher than the 2.9 per cent increase policyholders were dealt in 2023 and marks the highest increase since 2019. Singles can expect to pay an extra $81 per year with the average increase, while families will have to fork out an extra $153 per year to cover. Many insurers also choose to increase beyond the…Continue Reading