News From Press Term insurance premiums surged by 4.18% in Q4 2021, health insurance prices remained constant

Term insurance premiums surged by 4.18% in Q4 2021, health insurance prices remained constant

Source: Economic Times Jan 5, 2022

The insurance industry has been facing difficulties in terms of claims as a result of COVID19, which is putting direct pressure on customers due to re-insurers' increases in premium costs. According to insurance aggregator PolicyX.com, in the fourth quarter of 2021, the Term Insurance Price Index Value has gone up by 4.18%. The index value has reached Rs 23,929 during the quarter. The PolicyX.com report marks a huge difference of 9.75% in the term index value between the first quarter of 2021 and the fourth quarter.

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