The pure insurance rate in personal accident insurance is calculated according to the loss rate of the insured amount. The probability of accidental injury of the insured in personal accident insurance depends on his occupation, type of work or activity, and is generally not necessarily related to the age, gender and health status of the insured. Other things being equal, the higher the risk of the insured's occupation, type of work and activities, the more insurance premiums should be paid. Therefore, the rate of personal accident insurance is not based on the age of the insured, but on the occupation and type of work of the insured, which is an important factor in determining the rate of personal accident insurance. In addition, personal accident insurance belongs to short-term insurance, and the insurance period generally does not exceed 1 year. Therefore, the premium calculation of accident insurance generally does not consider the factor of predetermined interest rate. Based on this feature, the insurance premium calculation principle of personal accident insurance is similar to that of non-life insurance, that is, when calculating the insurance premium rate of accident insurance, the insured should be classified according to the frequency of accidents and the degree of damage caused to the insured, and the insurance premium rate should be determined for different types of insured.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.