If you intend to buy a term insurance policy, you should do it soon. This is because of Life Insurance companies are planning to raise the premium rates on term Insurance covers before April 1. The trigger for the revision in premium rates has come from foreign reinsurance companies that have decided to hike the reinsurance rates on the term Insurance 

the business of domestic life Insurers.

                                   Term Insurance refers to protection plans wherever the insured pays a selected premium quantity at fastened intervals throughout the policy term. within the event of death throughout the policy term, the nominees receive the 'sum assured' that the client had hand-picked whereas buying the setup. A Reinsurer may be a company that gives monetary protection to insurance corporations, Reinsurers handle risks that square measure overlarge for insurance 

corporations to handle on their own and build it potential for insurers to get additional business.

                                     A senior insurance trade official the same. " The insurance cluster of America (RGA ) had given notice 3 months agone ( that ends this month ) of their call to hike the insurance rates for insurance. Similarly, Swiss Retoo has communicated to domestic insurance corporations of accelerating the insurance price next month. we do not expect them 

to soak up the upper insurance price."