Budget 2020

Term cover costs set to go up as reinsurers hike life rates

(This story originally appeared in on Feb 18, 2021) Mumbai: Indian life insurance companies are set to hike premiums for their term plans after several reinsurers increased rates for underwriting portfolios of these pure-protection covers. The move comes even as the domestic life companies face higher-than-expected mortality claims due to Covid. Reinsurance rates for Indian […]