Tarun Chugh, MD and CEO, PNB MetLife explains why females pay a lower premium compared to males. As per the available mortality tables, it has been observed that female insured lives have a lower mortality experience compared to male lives. Thus, the benefit is given to them by charging lower premiums for protection policies. By doing this, the company ensures that a fair premium is charged to a life in line with the underlying risk from a gender perspective.
Why does my wife, who is as old as me, pay a lower premium compared to me?
Why does my wife, who is as old as me, pay a lower premium compared to me?
Why does my wife, who is as old as me, pay a lower premium compared to me?
