Final Expense Insurance Market Is Booming Worldwide : Assicurazioni Generali, Berkshire Hathaway, Manulife Financial
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China Life Insurance Company Limited Announces 2020 Annual Results (H Shares)
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insurance: IndiaFirst Life considers premium hike amid rising claims ratio
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IndiaFirst Life considers premium hike amid rising claims ratio
IndiaFirst Life considers premium hike amid rising claims ratio
New Delhi, Mar 14: Amidst rising claims ratio and higher re-insurance cost, IndiaFirst Life Insurance is contemplating a hike in premium from the next fiscal while some other insurers have already effected the price revision in the current year.
IndiaFirst Life Insurance Company Ltd (IndiaFirst Life) has sought approval from the regulator for an increase in policy premium for term plans for the next year due to a higher claims ratio, according to a top company official.
“That’s right,” IndiaFirst Life Managing Director & CEO R M Vishakha told PTI when asked about any such proposal and having written to the Insurance Regulatory and Development Authority of India (Irdai) for approval.