1. Uniform rate principle
2. Step rate principle
3. The principle of changing the rate year by year
4. The principle of insurance premium balance
Although the above methods have their own advantages, passive safety factors such as risk assessment, cost payment and profit must be considered at the same time.
For the insured who can't meet the health requirements stipulated in the standard terms, but can be conditionally underwritten, they can be underwritten according to the sub-standard policy. The commonly used methods in determining the rate are:
(1) Reduce the payment period of policy income.
(2) Reduce policy income
(3) Increase the waiting time
(4) Provisions on exclusions or restrictions on guarantees, etc.