Copies of the application for the Health Insurance (Photographer Andrew Harrer/Bloomberg)
Life insurers are either refusing to renew group covers or have increased prices as claims spiked during the pandemic, according to insurance advisers.“A significantly higher number of companies are refusing to provide cover (underwrite risks),” said Gurpal Singh Dhingra, director at Prudent Insurance Brokers. A few that are renewing policies want 40-50% higher premium if the fiscal ended March ended without claims, Dhingra said citi...