LATELY, life and medical/health insurance companies have been sending out notices to their customers to inform them about their new premium rates, which are said to be up to 30% higher. Those most affected by this increase are holders of investment-linked policies.
Various reasons are being given to justify the steep increase in premium rates. These include increase in cost of insurance (COI) due to COI revision, escalating healthcare demands, inflation, and advancements in medical technology that are pushing costs up.
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