{"id":2512,"date":"2016-03-08T06:09:57","date_gmt":"2016-03-08T06:09:57","guid":{"rendered":"http:\/\/securenow.in\/blog\/?p=2512"},"modified":"2022-10-18T06:41:50","modified_gmt":"2022-10-18T06:41:50","slug":"typical-premium-loading-for-diabetes-is-75-100","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/typical-premium-loading-for-diabetes-is-75-100\/","title":{"rendered":"Typical premium loading for diabetes is 75-100%"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><em>Published in Mint on, Jun 11 2013, Written by Kapil Mehta<\/em><br \/>\n<strong>What is a double accident life insurance policy?<br \/>\n\u2014Preetam<\/strong><br \/>\nInsurers have some way to go in making their product propositions and advertisements unambiguous. For example, double accident benefit could mean a benefit paid if you have an accident twice.<br \/>\nActually the phrase \u201cdouble accident life insurance\u201d refers to those insurances where double the sum assured is paid if the insured person dies due to an accident. Fewer than 10% of deaths take place due to accidents and so adding on an additional benefit due to accidental death is cost effective for both the insurer and the insured.<br \/>\n<strong>There was a fire in my house recently and along with various possessions, the papers for my life insurance policy also got destroyed. Is there a way I can get a duplicate copy of the papers? If so, what is the procedure?<br \/>\n\u2014Sofia<\/strong><br \/>\nThe insurer will issue you a duplicate policy. The specific requirements vary by insurer but essentially consist of proof that the policy was destroyed and an indemnity that protects the insurer from misuse of a lost policy.<br \/>\nThe proof of policy destruction could be parts of the burnt policy or evidence of fire. The indemnity can be provided in a standard form provided by the insurer. Some insurers waive the requirement for an indemnity if you can prove that the document was destroyed by fire (or in a quaint exception\u2014eaten by white ants).<br \/>\n<strong>I am diabetic and I applied for an online term insurance with an insurance company. They are insisting on a 100% increase in premium. Should I try another insurer or pay the loaded premium? Is it a standard practice to load premiums by 100% in case of diabetics? If I apply with another insurer, can I hope to get a lower rate now?<br \/>\n\u2014Keshavnath<\/strong><br \/>\nThe premium loading depends upon the type of diabetes. Loadings are generally higher for insulin-dependent diabetics. The typical premium loading for diabetics is between 75% and 150%.<br \/>\nIn that context, the 100% loading is not unusual. I would suggest you pay the loaded premium because you may not save money by going to another insurer.<br \/>\nA way for diabetics to enhance their death benefit cost-effectively is to purchase a top-up accidental death rider. Accidental death insurance is cheap and does not depend upon your health condition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published in Mint on, Jun 11 2013, Written by Kapil Mehta What is a double accident life insurance policy? \u2014Preetam Insurers have some way to go in making their product propositions and advertisements unambiguous. For example, double accident benefit could mean a benefit paid if you have an accident twice. Actually the phrase \u201cdouble accident [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[319,323],"tags":[],"class_list":["post-2512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","category-health-newsletter"],"acf":[],"modified_by":null,"_links":{"self":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/2512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/comments?post=2512"}],"version-history":[{"count":1,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/2512\/revisions"}],"predecessor-version":[{"id":14101,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/2512\/revisions\/14101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/media?parent=2512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/categories?post=2512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/tags?post=2512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}