What is loading in an insurance policy?
Before you are issued a life or health insurance policy, insurers can ask you to undergo a medical test. If you are found to be suffering from any adverse health condition, you could still get a policy but at a higher premium. This hiking of the premium that the insurer does to cover risks is referred to as loading.
In what circumstances is loading done?
Loading can be done in a variety of situations. If you smoke or consume alcohol, the insurer could load your premium over and above the
Before you are issued a life or health insurance policy, insurers can ask you to undergo a medical test. If you are found to be suffering from any adverse health condition, you could still get a policy but at a higher premium. This hiking of the premium that the insurer does to cover risks is referred to as loading.
In what circumstances is loading done?
Loading can be done in a variety of situations. If you smoke or consume alcohol, the insurer could load your premium over and above the
