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Reinsurance News

Term Insurance Plan To Get Expensive From April 1, 2021: Here's Why

Beginning FY22 i.e. April 1, 2021, term insurance premium rates will get dearer. This is majorly due to increasing death claims on account of Covid-19 as well as increase in reinsurance rates. And as the increase in reinsurance price comes amid ...

Term Insurance To Likely Get Costly From April 10

As per insurance brokers, premium for term insurance are expected to be increased from April 10. Earlier the hike was to be effected from April 1, 2020 but amid the coronavirus led lockdowns the increase in premium cost has been deferred. ...

What is Reinsurance?

Have you ever wondered how an insurance company will manage to pay its claims from customers if there is a major calamity wherein all are affected? Just like how we insure our lives or property from unforeseen circumstances, insurance companies also ...