Factors that may hike your insurance premium4 min read . Updated: 13 Jul 2019, 09:20 AM IST
- When it comes to life insurance, the underlying mortality rate plays an important role among other factors on deciding your premium
- In health insurance, the underwriting process focusses more on the diseases you may already have at the time of application
MUMBAI : At some point in your life you will buy an insurance plan. “When it comes to life and health insurance, your premium amount will differ with your age, family history, pre-existing diseases and lifestyle choices among other reasons. Basically if anything questions the underwriting process, your premium will be affected," said Anik Jain, co-founder and CEO of Symbo Insurance, a Mumbai-based insurance broker.
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