ADVERTISEMENT
Insurers Refuse To Renew Group Life Covers Or Want Up To 150% Higher Premiums
A year of higher mortality and healthcare expenses means higher claims. That’s prompting insurers to increase prices.
29 May 2021, 06:43 PM IST
Life insurers are either refusing to renew group covers or have increased prices as claims spiked during the pandemic, according to insurance advisers.“A significantly higher number of companies are refusing to provide cover (underwrite risks),” said Gurpal Singh Dhingra, director at Prudent Insurance Brokers. A few that are renewing policies want 40-50% higher premium if the fiscal ended March ended without claims, Dhingra said citi...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT