Women may have to pay a higher premium for life insurance, according to the new mortality table placed with the insurance regulator. The table suggests the difference between life expectancy of men and women has narrowed. At present, life cover for women costs 15-30 per cent less than for men.
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In his 33-year-long career, Thomas Mathew has never seen Life Insurance Corporation of India attract so much media attention. In an interview with Sumit Sharma and Joydeep Ghosh, the LIC managing director says while the risk-management procedures are time-tested, the insurer has set up a high-powered committee to re-assess its systems.
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