Loading is the amount charged by critical illness insurance companies at the time of policy renewal if you have claimed in
the previous policy tenure.
Not exact matches
«Almost universally, Board members recognize that there is an issue of «community» confidence in the Board related to fundamental
policy and financial decisions that were made during the
tenure of the
previous administration.»
Further, please suggest me, on those 2
policies as per my
previous post, i.e. one
policy for 10 years
tenure and another for 34 years
tenure.
Claim Bonus No claim bonus is a reward given to the insured by the insurer in form of premium discount upto a pre-fixed percentage for making no claims in the
previous year
policy tenure.
If you observe the
previous years» FAB rates, they are very low if
policy tenure is less than 20 years, and this can significantly pull down the Returns on maturity.