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 Health Insurance premiums increase over a period due to the following reasons: 1)        Change in Age Band: (Personal level) . Typically, premiums keep changing in a band of 5 years of age. Till 35 years, the premiums remain the same. At 36 years of age, it changes; at 41 years of age, it changes & so on. The age considered is the age of the eldest member of the family insured.  2)        Medical Costs Inflation (Industry level) : the cost of treatments keeps increasing every year. The same treatment which costed 50,000/- a few years ago would be 1 lakh now. So even if the number of claims remain the same, the insurance company may have to settle more amount now, owing to inflation of costs. Hence the premiums also keep increasing to keep up with this rise in treatment costs / claims. Typically all insurance companies raise the premiums (one-by-one) once in a period of 5-7 years.  3)    ...

Please make a note on the below points w.r.t S.I.P debits in Mutual Funds:   1) The S.I.P amount will be debited on the registered SIP date only - if it happens to be a banking / public holiday, then it will be debited on the immediate next working day . You will be receiving a SMS too regarding the debit. The exact time of debit on any day will be unknown (but typically it will happen in the morning session itself), as it is centralized system in stock exchange / bank / RBI .  2) If there is NO sufficient bank balance on that day, then units will NOT be purchased & it will NOT be triggered again for that month. If need be, we can initiate the debit manually for this month alone.  3) There will be NO CHARGES from Mutual Funds if the SIP bounces due to insufficient balance - Your bank may levy charges for the same.  4) If there is bounce for 3 consecutive months, then the SIP will be automatically terminated.  5) Units are allotted once the amount is c...