Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
A premium is the amount a policyholder pays, usually annually or monthly, to keep an insurance policy active and the sum assured in force.
The regular fee you pay to keep your insurance policy running.
Premium is influenced by age, sum assured, policy term, health, lifestyle habits, and rider add-ons; missing payments beyond the grace period can lapse the policy.
A healthy 30-year-old pays a lower term insurance premium than a 45-year-old for the same sum assured.
The regular fee you pay to keep your insurance policy running.
Premium (Insurance) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.