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How is my premium calculated?

It’s a bit of a science actually. 🤓

The simplest explanation is that the more claims we think we’ll have to pay out, the higher premiums will be.

The science behind insurance premium calculations boils down to what we expect to pay out in claims. So we use mountains of data, a lot of industry experience and good old fashioned actuarial judgement to make an educated guess as to how many claims we will pay.

The more claims we expect to pay, the higher the premiums will be. This is why, typically, someone quite old will pay more for life insurance than someone quite young.

But age isn't the only thing we look at to guess future claims. Women pay less for life insurance than men, because on average, women live longer. And similarly, smokers will pay more than the people who don't smoke, because smokers will often get sick before non-smokers. 🚭

What will MY premium be?

The quickest way to find out how much we charge for insurance is to complete our online application process and get a sample quote based on your answers.

We’ve used some of the latest data analytics insights and cutting-edge technology to give everyone a quote based on their unique circumstances. So for some clients, our premiums will be a really good deal. For others, we might not be the cheapest option out there.

It’s up to you whether you take us up on our offer, but before you decide, consider looking under the hood to see what you’re getting for your money.


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