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health group insurance

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Posted: Sun Nov 15, 2009 9:49 am   Post subject: health group insurance   what is the meaning of 25% loading to standard premium of $3.30 per thousand per annum if the plan is $10,000. can someone tell me actually how much it is. thank you	elishadai New member Joined: 14 Nov 2009 Posts: 2 1.49 Dollars($)
Posted: Mon Nov 16, 2009 12:25 am   Post subject:    I believe loading refers to a increase in the rate of premium charged. In this case it means that a 25% increase would be applied to the standard premium of $3.30/ $1000 cover if the plan is for $10K cover. So instead of charging $3.30 you get charged $4.13 per $1000 cover. This is probably to discourage people taking cover of this amount, you may find that this 25% loading is removed if you change the upper limit of your cover. _________________ Get free insurance quotes or Purchase auto Insurance online in minutes.	heidrek Senior member Joined: 19 Oct 2009 Posts: 236 36.87 Dollars($)

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