Mumbai: The Institute of Actuaries of India is organising its annual flagship event, Virtual Actuarial Conclave 2022 (VAC 2022), from 10th to 12th February 2022, which will bring together renowned speakers and eminent dignitaries from the finan
Synopsis
At least five private insurers – Tata AIA, Aegon Life, Max Life, PNB Metlife and IndiaFirst Life – have already filed for new term products with the insurance regulator at increased prices for the new fiscal year. Other life insurers may soon follow.
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Increased comorbidity risks due to the pandemic and the adverse loss experiences of global reinsurers are set to weigh on how life covers are priced.
Insuring life is set to get more expensive and harder in the fiscal year starting April. Increased comorbidity risks due to the pandemic and the adverse loss experiences of global reinsurers are set to weigh on how life covers are priced.