Need A Financial Product › Forums › Insurance › Loading factor of 0.51 for Tata AIA iRaksha term insurance › Loading-factor-for-Tata-AIA-iRaksha-term-insurance_REPLY
Shyam Lal Chauhan
Let us understand with the help of an example ? say, your annual premium is Rs. 1,000 and you opt for a semi-annual mode then your premium will be calculated as 1,000 * 0.51, i.e. Rs. 510. Instead of Rs. 1,000 you will pay Rs. 1020 annually.