back arrow Back

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

reply Share
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.

like like
Term Life Insurance

1 Answer

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.

like like
icon-comment 1 Comments
icon-reply Reply
22 Jun, 2021
Aditya Dasturkar
like like
icon-reply Reply

Tired of dealing with call centers!

Get a professional advisor for life!


Rs. 1799


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 2022 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 now 🙂