UPS Assurant Strategy

Are insurers going to revise the premium of term insurance plans if re-insurers hike the rates?

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financialexpress.com

If you are looking to buy a term insurance plan, you might have to hurry up if you also want to save on cost. The premium of term insurance plans may soon witness a hike if the global reinsurers increase their rates. “Yes, it is true.

Some re-insurers are expected to increase the rates. However, such information is kept confidential and only made available to the public once it is finalized and rolled-out,” informs Varun Gupta, Chief & Appointed Actuary, Bharti AXA Life Insurance.The term plan

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