Is An Expensive Policy A Better Policy? (What Goes Into Insurance Pricing)

Have you ever wondered what is the cause of that discrepancy in the pricing and are you being short-changed or overcharged?

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In this video, I will explain to you the components that go into insurance pricing and whether or not it makes sense for you to pay more or less for a given policy.

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Time Stamps:

00:00 Intro

00:27 What forms up the premiums & why is there a difference

00:38 Probability of claim

01:51Investment return & performances

02:52 Desired profitability & current expenses

04:10 Is it worth paying for a more expensive policy

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https://youtu.be/UZGW0l_CFhg