NOT TOO LONG ago, life insurers were grappling with high claim ratios amid rising Covid-19 fatalities. Not only the older population, but even young people were severely affected during the pandemic, throwing decades-old mortality estimates of life insurers under the bus. This had led to a sharp rise in the premium rates of term insurance plans.
However, now that life is returning to a semblance of normality post-Covid-19, claims ratios of life insurers have also started stabilising. Does this mean that term insurance premium rates will be stable in 2023?
This story is from the March 19, 2023 edition of Business Today India.
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This story is from the March 19, 2023 edition of Business Today India.
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