Buy term insurance now before the premium increases from 1 April 2020 - By LIC Insure

Premiums for term insurance products may increase by 15 to 20 percent from April 1 as reinsurance rates have been revised for these policies. For the last five to six years, the premium has increased steadily or less, as this increase is significant.
The term plan's share of the annual premium for life insurers has fallen from 5 percent three years ago to 20-25 percent at present. When reinsurance rates increase, absorbing it in the balance sheet will mean an impact on profits, a factor that causes insurers to undergo premium increases.
LIC customers may however get partial relief. At an event on 7 February, LIC Chairman MR Kumar stated that the premium for LIC policies is higher than that of private insurance companies.

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In this channel, I made videos on the topic related to insurance, insurance is very important in life, this insurance protects your family when you are not with them.

And if we look at the time today, the human body is in the grip of many diseases, and even a sudden accident happens and our family people bear it all.

So get term insurance and life insurance done as soon as earlier.

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