How to calculate insurance for car in Kerala?
Own Damage premium = IDV X [Premium Rate (decided by insurer)] + [Add-Ons (eg. bonus coverage)] – [Discount & benefits (no claim bonus, theft discount, etc.)] This component of your car insurance premium goes beyond your car, and safeguards you, not only against accidents, but mishaps leading to a disability.
How to calculate car insurance premium formula?
Premium = Own Damage Premium – (No claim bonus + discounts) + Liability Premium that is fixed by the Insurance Regulatory and Development Authority (IRDA) of India Here is an example of car insurance calculation so that there is no room for any confusion.
Benefits of Car Insurance Calculator
1. Using a car insurance premium calculator prior to buying a plan makes the overall process easy and convenient for the buyer 2. Make a comparison...
How to Use Car Insurance Premium Calculator?
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Factor That Determine Car Insurance Premium Value
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