sincerem
VIP Contributor
If you're accustomed with insurance, you'll come to understand that insurance company's policy plans are different in their prices. Those who aren't familiar to insurance but are willing to enter into insurance will ask, what really made insurance to charge higher premium for some policies?
When it comes to company or business products, they have different prices, it doesn't mean they are the same products, some are different, some have better more quality than others which the company sees as big difference to the lower fancied type. That's exactly the same case with insurance company policy plans.
Some policies have higher benefits than others, and insurance company increased its premium charges in order to cover up those expenses when the need arise.
When it comes to company or business products, they have different prices, it doesn't mean they are the same products, some are different, some have better more quality than others which the company sees as big difference to the lower fancied type. That's exactly the same case with insurance company policy plans.
Some policies have higher benefits than others, and insurance company increased its premium charges in order to cover up those expenses when the need arise.