Senior Management
Senior manager is primarily interested in Total insurance premium compared with previous year.
Price quotes from insurance companies can vary quite a bit. Premiums can depend on many things like age,previous claims,value of property,etc. A good is example is car insurance where age and driving record can make a large difference in premiums.
Standard insurance is for drivers with very few violations, claims or cancellations of previous policies. In most cases, these drivers have better insurance (or credit) scores. Based on these characteristics, standard insurance premiums are much less than non-standard insurance premiums. Non-standard insurance, on the other hand, is for those with major violations, prior cancellations, prior claims, no prior insurance coverage amongst other things. These insurance policies, most likely, are for minimum coverage.
When you are obtaining quotes for auto insurance, this insurance provider will give you quotes effective the date you request. The date requested must be either the date of the quote, or a date sometime in the future. If you are requesting for auto insurance for a previous year, chances are you are trying to get proof of insurance for a period of time you did not actually have insurance. Insurers will not do this as it will put their company at risk for paying claims they should not be covering. Even if you are willing to pay backdated premiums, no insurance company will backdate a policy because it is both illegal and risky for them.
actually i started reliance life insurance(cash flow plan) at 14th june 2011 and after i paid two premiums yearly, and i now i want stop my insurance due to some financial problems so please give me suggestion , how can i collect my previous amount and what is the procedure
There are so many factors in determining insurance premiums that it cannot be done in a forum like this. Some carriers that I represent use as many as 88 factors. Some of them are where you live, drivers ages, tickets and accidents, distance to work or school, previous coverage, previous claims, etc. etc.
The main factors are where you live, driver age and sex, marital status, driving record, previous accidents and claims, credit score, and if you have current coverage and for how long. There are many many more factors in calculating auto insurance but these are the main ones.
If privately owned use or Commercial, if commercial if passenger or goods carrying. Next Type of vehicle & sub model, age of vehicle, CC if pvt owned or GCW if commercial. If vehicle's current insurance has lapsed or active. If someone is buying comprehensive & previous claims history or just mandatory 3rd party insurance.
The current homicide rate in China is lower compared to previous years.
No
Simple, you don't admit to having a previous condition.
The insurance company, once things get sorted out, will probably deny your claim. On top of that, the previous owner screwed themselves, because their insurance will go up.