No one can predict the future.
But we can surely protect it.

EPOCH Insurance Brokers, one of India’s leading Insurance Brokers has won the "Promising Insurance Broking Company of the year 2020" award at India Insurance Summit and Awards organized by Synnex Group. The chief guest in the event was the Chairman of IRDAI - Mr. T S Vijayan, who also gave the inaugural address.

Term life insurance premiums are likely to increase again soon, taking the total hike in premiums this year to 20-40 per cent. According to insurance brokers, the expected rise in premiums will happen in the next three to six months.Last month, many life insurance companies increased the premium on their term life insurance plans by up to 20 per cent. HDFC Life Insurance, Tata AIA Life Insurance, Max Life Insurance and ICICI Prudential Life Insurance all hiked the premium (price) on term insurance policies from April 10, 2020.

Several life insurers have hiked their term insurance premium rates recently. More are likely to follow suit in the near future. Rates are expected to move up across companies over the next six months. The industry may even adopt tighter underwriting norms.Insurers set their term premium rates based on certain assumptions of what their mortality experience will be. Their actual experience has been worse than expected. Also, owing to competitive pressures, insurers have reduced their term policy premiums to unsustainably low levels.