P
padmaja
Member
Pge 3 of unit 1 , mentions "Unlike under private medical insurance, premiums do not usually increase with age, although inflation linking is common."
I understand this if IP event is triggered only due to acident. why is it true for sickness too.
next para in that section says "For example, this initial premium will increase with the age at entry." This implies that one of the rating factors is age.
can u explain. I am a student not from the UK market, so prdts might not be familiar to me.
I understand this if IP event is triggered only due to acident. why is it true for sickness too.
next para in that section says "For example, this initial premium will increase with the age at entry." This implies that one of the rating factors is age.
can u explain. I am a student not from the UK market, so prdts might not be familiar to me.