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Question
GoDDy
I had 2 accidents last year and i claimed both which amounted to Rs.52000. This year the insurance premium has been increased when I questioned they said "There were Two claims intimated and premium higher than last year."
Edited by GoDDyIs that how it works? I'm bit puzzled, How does claiming has an impact on the premium, how do they calculate?
FYI.
Last year premium was: Rs. 49,075
This year premium is increased to: Rs. 83,011
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