Medical Insurance Needs to Change Tack

Unprofessional approach of insurers in underwriting medical insurance policy categories could inflict considerable loss on the insurance industry's performance in the coming years. 
Medical category has been one of the largest sources of premium income for the sector, solely accounting for 26% of its total premium during the last fiscal year (March 2016-17). 
However, the payout ratio of the medical category is close to 100%, which means insurance firms pay back to the insured all they receive as premium.