Loading on Premium
a. Based upon the disclosure of the health status of the persons for insurance company and declarations made in the Proposal  form or Insurance Summary Sheet, Insurance company apply a additional premium on the premium payable (excluding statutory levies and taxes) under the Policy .Higher the risk Higher the Premium. The maximum additional loading should not exceed 50%. Premiums can increase up to 50% for unhealthy people, which is 15000 if a healthy person’s is 10000.
b. These loadings will be applied from inception date of the First Policy including subsequent Renewal(s).
c. If a loading applies to the premium for the main Policy, such loading will also apply to the premium for the optional benefits as well.

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