Factors to be considered when Determining Premiums to be charged

Business studies study module
  • Health of the person
  • Frequency of occurrence of previous losses
  • Extent of the previous losses
  • Value of the property insured
  • Occupation of the insured
  • Age of the person or of the property in question
  • Location of the insured(address and geographical location)
  • Period to be covered by the policy
  • Residence of the insured

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