The honey trap of life insurance is closing, but that doesn't mean the public will pay less

The Capital Market Authority announced that starting February 2027, insurance companies will be banned from offering discounts on life insurance policies for periods shorter than 10 years. Companies will be required to notify policyholders before the discount ends. This is a softening of the original proposal, which banned all temporary discounts. The directive is expected to stabilize the industry but may increase insurance costs for healthy policyholders.

The Capital Market Authority announced that starting February 2027, insurance companies will be banned from offering discounts on life insurance policies for periods shorter than 10 years. Additionally, companies will be required to send policyholders an advance notice one month before the discount period ends, detailing the discount rate so far and the new amount. This is a softening of the original proposal, which banned all temporary discounts. Insurance companies argued that a permanent discount for life would lead to price increases. The directive is expected to stabilize the industry, where five companies control 80% of the market. Healthy policyholders who are used to switching between companies will lose the ability to receive large short-term discounts, while policyholders whose health has deteriorated will benefit from a longer discount. The article quotes industry sources supporting the change.