SACHA ADVICE. ACHA ADVISOR.
back arrow Back

Rupee Depreciation & Insurance

reply Share
19 Jul, 2022 by  akshad tambekar

Does rupee depreciation have any impact on insurance wrt to premium values or accessibility?

like like
0
Health Insurance

2 Answer

Post
21 Jul, 2022
MBA | 5 years experience
connect with advisor

Dear Akshad,


Rupee depreciation does not have an impact on insurance premiums. Insurance premium pricing is more to do with amount of claim paid vs premium collected, over all risk underwritten and inflation.


Regards

Rohit Dhingra

like like
0
icon-comment 0 Comments
icon-reply Reply
connect with advisor
26 Jul, 2022
connect with advisor

From what I understand, it may not impact in short term. In the long term though, it may have an impact but not direct. The reason being reinsurance companies, especially the foreign players may hike/lower their premiums (one of the factors being the rupee/dollar ratio), thereby impacting individual premiums.

like like
0
icon-comment 0 Comments
icon-reply Reply
connect with advisor

Tired of dealing with call centers!

Get a professional advisor for life!

LIFETIME FREE

Rs. 1799

or

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2023 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂