Most non-life insurance products have seen an increase in their pricing in the Q3 & Q4 of 2009. And according to a survey by Marsh, the rates are expected to move further northwards.
The report analysed 10 major commercial insurance lines across 42 countries, including India.

According to the report:
- Premium on property increased by up to 10 per cent during the second half as insurers ceased to offer high discounts.
- Premiums on healthcare and casualty increased by up to 10-20 per cent as it became unsustainable for players to discount it. Prior to detariffing, group mediclaim policies were doled out as freebies with fire and engineering policies.
- Premium on professional indemnity and directors’ and officers’ liability (D&O) increased by up to 10 per cent and up to 20 per cent respectively.

Health insurance sector is fast growing in India and with it there are various healthcare insurance products being launched in India.Healthcare costs are rising and growing awareness about the importance of preventive care has led to growing demand in health insurance products.

Let us take a look at the Year on Year growth of Indian Insurance Market and its quite evident. In FY03, the health insurance market stood at Rs 1,160 crore, in FY08 it had crossed Rs 5,000 crore. That’s a growth of 60% in a years time.Despite the growth there is still a large need for health insurance in India. As many as 75% people in India are without employer provided coverage and over 85% people in India are not insured at all.

Bajaj Allianz Life Insurance had launched a new health insurance product covering parents, in-laws, spouse and children all together in a single plan. This Medical Insurance product is called "Family Carefirst"

The Plan offers sum-assured(coverage amount) ranged from Rs 1 lakh to Rs 10 lakhs with cashless services in more than 2,000 network hospitals across the country. This unique hospitalisation plan gives you a 3-year health cover for your entire family and allows you to renew the policy after every 3 years to keep you covered till the age
of 74 years.

Eligibility
Entry Age Minimum: 18 years
Entry Age Maximum: 56 years for a new policy, 71 for a renewed policy