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Term insurance policies may increase by 20-40% in 3-6 months. Here's why

Updated : May 13, 2020 08:10 PM IST

For pricing, the reinsurers measure actual vs expected claims and if this ratio is more than expected, it leads to a negative experience in mortality.
The insurers increase the prices by refiling the existing products to the regulator with certain changes and a price rise.
Term insurance policies may increase by 20-40% in 3-6 months. Here's why

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