If you are planning to buy a term insurance plan, you should purchase it by March 31 as prices are expected to increase in the new Financial Year starting from April 1, 2021. According to PolicyX Founder and CEO Naval Goel, an increase of 20 per cent in life cover prices is expected in the new Financial Year. Goel told FE Online that the percentage may differ from company to company and their plans. There are other factors such as gender, age group, income and etc which will also affect the life cover prices premium.
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