What is a Premium?
A premium is the amount you pay to your insurer to keep your policy active. Think of
it as a subscription fee for your insurance coverage.
A premium is the amount you pay for your insurance policy—monthly, quarterly, or yearly. It keeps your coverage active and ensures you're protected when you need it.
Your premium amount depends on factors like age, coverage amount, plan type, and add-ons. In life and health insurance, younger = cheaper premiums. Paying on time avoids lapses in your policy and claim rejection. We simplify how premiums are calculated and how to reduce them smartly. Use our premium calculator to find your best-fit plan today.
↑ Tip: Premiums vary based on age, sum insured, and plan type.
What’s a Rider?
A rider is an add-on to your base policy that gives extra protection—like customizing
your pizza with toppings. Riders are optional add-ons you can attach to your main policy for extra coverage.
Common riders include critical illness, accidental death, hospital cash, and more.
Instead of buying a separate policy, you can enhance your current one affordably. Each rider serves a specific purpose—like covering income loss during treatment.
We break down which riders are worth it and which ones to skip.
↑ Tip: Riders are cost-effective ways to expand your coverage.
Claim Settlement Ratio Explained:
It’s the percentage of claims an insurance
company has paid out vs. the number of claims it received. Higher = more trustworthy.
company has paid out vs. the number of claims it received. Higher = more trustworthy.
Example: A 98% ratio means the company paid 98 out of 100 claims. If a company has a CSR of 98%, it pays 98 out of every 100 claims.
A higher CSR = more trustworthy insurer.
It’s one of the most important metrics when choosing a provider. We show you how to read CSR tables, and what else to look at: claim amount ratio, speed, etc.
Trust isn’t just in words—it’s in the data.
Download our CSR comparison sheet for India’s top insurers.
Download our CSR comparison sheet for India’s top insurers.
↑ Tip: Always check this before choosing an insurer—90%+ is a good benchmark
