Term Insurance Witnesses Surge in Premium Prices: Reports PolicyX.Com's Insurance Price Index Monday, April 5, 2021 10:30AM IST (5:00AM GMT) In the first quarter of 2021, there is a significant jump in Term Insurance premium prices, whereas there is no change witnessed in the health insurance despite the continuous spread of COVID19.
New Delhi, Delhi, India: PolicyX.com, a leading insurance web aggregator, announces its quarterly ‘ Insurance Price Index’ for Quarter 1 2021 showcasing the shifts & trends in the premium price of Term Insurance and Health Insurance.
In the Term Insurance category, the Insurance Price Index indicates an uptick in the first quarter of 2021. There is a surge of 4.4%, increasing an average price of term insurance premium to Rs 21,913 in the index value.