WHICH FACTORS DETERMINE YOUR LIFE INSURANCE PREMIUM ?

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

#NRImoneyclinic #LifeInsurance #InsurancePremium

WHICH FACTORS DETERMINE YOUR LIFE INSURANCE PREMIUM ?
TYPE OF POLICY

Endowment Policy
Whole Of Life Plans
ULIP Plans
Term Plans

BENEFITS YOU CHOOSE

Higher The Sum Assured – Higher The Premium

POLICY ADD ON RIDERS

Accident Benefit
Waiver Of Benefit
Critical Illness Benefit
Permanent Total Disability Benefit
Income Benefits
Every Add On Cost More

AGE AT ENTRY & GENDER

Higher The Age Higher The Premium
Female Lives Get Lower Premium Than Males

TENURE OF INSURANCE POLICY

Longer The Tenure, Higher The Premium

SMOKER STATUS

Smokers Will Be Charged Hefty Extra

PRE EXISTING HEALTH ISSUES

Extra Charges For Pre Existing Health Issues

BENEFIT DISBURSAL METHOD

Lump Sum Payment Of Benefit- Higher Premium
Staggered Payment Of Benefit – Lesser Premium

To know more about our business and our business model please watch the below video

https://youtu.be/LXbjrURY_48

Our Website: www.nrimoneyclinic.com
Whatsapp: 00971 55 548 4472

More To Explore