Planning to buy term insurance? Purchase before premium rises again

Ignoring it isn't an option for those who have liabilities or dependants

• 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