Term insurance premium set to rise up to 40% from December 2021 | Know why

Term insurance policy premiums are set to hike anywhere between 25 per cent to 40 per cent as reinsurers tightened underwriting norms in the wake of the Covid-19 pandemic. The extent of the premium hike will, however, vary from one insurer to another. The new rates will come into effect from December. 

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