New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which among these factors are considered by the

    insurance companies to calculate the premium of car insurance policies?
    A IDV Correct Answer Incorrect Answer
    B Geographical location Correct Answer Incorrect Answer
    C Year of manufacturing Correct Answer Incorrect Answer
    D Cubic capacity Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Most of the insurance companies like National General Insurance use the following factors to calculate the premium: IDV, Year of manufacturing, Cubic capacity, Geographical location, No Claim Bonus (NCB)

    Practice Next