Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is reduced premium calculated?

calculated Premium reduced
0
Posted

How is reduced premium calculated?

0

Ans:The reduced premium is calculated based on the balance sum assured and age of entry and not on the basis of the current age of the person insured.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123