 "Planning to buy term insurance? Purchase before premium rises again")
- Term insurance premia were hiked in April 2020, and they may rise again in the coming months
- One reason is that the mortality rates experienced by insurers have been higher than expected
- In response, reinsurers have hiked their premium rates. Insurers are passing on these rates to customers
- To escape rising premium rates, try to buy term insurance right away from a player that has not yet hiked its premium
- Since this is a long-term contract, it is preferable to purchase it from a reputed player
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