MRTA premium can be quite different from one company to another from the previous post.
But when the difference is too obvious, we may need want to find out the coverage differences.
As can be observed that all conditions same,age,years of coverage and sum if insured all are same,only premieum come out different.
My friend who work with Insurance company explained that, the basic mrta covers only death. But the most common ones cover 2D - death n disability.
The luxurious type covers 3D - death, disability and diseases
Even the same sum assured and same coverage, premium may be different as some may promise higher surrender values when the policy is terminated early.
Some companies don't really want to explore into this field. So basically, their portfolio is much smaller. When this happens, they charge a higher premium.
That is why Allianz is the chepeast since it is their core business, make sense?
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