Irish Life to hike health insurance premiums by average of 3.7%

Latest announcement marks the insurer's third price hike in just over a year, with increases in both January and July

Irish Life said that significant increases are being seen across day-to-day benefit claims as customers are seeking medical advice and diagnostics as they more proactively manage their health. 

Health insurer Irish Life will once again hike premium rates from next year despite a new entrant to the concentrated market.

The company is increasing prices from an average of 3.7% from January 1, the company said on Friday.