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Will term insurance premium will get reduce after Covid-19.?

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20 Jun, 2021 by  Aditya Dasturkar

Seems like after covid term insurance premium has increased a lot. Now my age is 25 and I want to buy term insurance but my question is like after covid will term insurance premium price will get reduce or it will continue to increase with time in future.

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Term Life Insurance

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21 Jun, 2021
Mohit Gupta

Hi Aditya,


The increase in premium is largely on account of higher mortality rates and consequent increase in premium by global reinsurers. At this point, it will be difficult to say if the premiums would reduce and when.


Nevertheless, at your age, the premiums are still very affordable and amongst the lowest in world. Please go ahead and buy a term plan and make sure that you cover yourself for right amount and tenure.

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22 Jun, 2021
Aditya Dasturkar
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