Sanjib Jha | Answer |Ask -Follow
Insurance Expert - Answered on Jun 10, 2022
Premiums are decided through a scientific approach, a formula.
Each premium is designed in a manner that it will reflect the risk profile of an individual and accordingly a premium quote is generated. So there is no cheap or expensive insurance, it totally depends on the risk profiling of the individual and the sum insured that is suitable for an individual.
I advise you to check and compare pricing for a decided sum insured on our broking website, www.coverfox.com, which will help you see the differences in pricing and other facilities of various insurers and purchase the one that fits your requirements.
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