₹21,913 in the index value.Out of total 10 insurance companies covered under the index, four insurance companies hiked their premium prices in the last quarter.
The biggest jump observed in premium prices was about 19.0%, which was followed by 18.7%, 5.5% and the minimum was 2.6%.The 10 companies covered under the index are Life Insurance Corporation of India, SBI Life, HDFC Life, ICICI Prudential, Max Life, Bajaj Allianz Life, Aditya Birla Sun Life, Kotak Mahindra Life, Tata AIA Life and Canara HSBC OBC Life.According to the company, there are some indications that other insurance companies might also increase their term insurance premium prices in the near future.“As per our discussion with most of the insurers, term plan prices are.