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Adam Ang | MobiHealthNews

Adam Ang | MobiHealthNews
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First Life Insurance

First Life Insurance
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बिजनेस स्टैंडर्ड - टर्म प्लान को लेकर बीमाकर्ता सचेत

बिजनेस स्टैंडर्ड - टर्म प्लान को लेकर बीमाकर्ता सचेत
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IndiaFirst Life Insurance raises term plan premium by 25% in first-ever hike

IndiaFirst Life Insurance raises term plan premium by 25% in first-ever hike For a Rs 1 crore coverage term pan across different ages, the hike has happened in the range of 14-25 per cent The COVID-19 impact on insurance premium is visible. IndiaFirst Life Insurance is the latest among life insurers to hike the premium on term insurance plans by up to 25 per cent from April 21. The company has seen a 30 per cent jump in claims in last one year. For a Rs 1 crore coverage term pan across different ages, the hike has happened in the range of 14-25 per cent. For example, a 30-year-old male customer would pay Rs 8,600 annual premium for a term coverage of Rs 1 crore compared to Rs 7,000 earlier.

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