In many cases, you’ll need to go through an underwriting process where we determine the cost of your Hayat Protection™ based on several factors including your age, gender, weight, occupation, smoking status, and potentially your health and lifestyle i.e. partaking in ‘high risk’ activities.
Some other key factors influencing your premiums may include:- Type of cover selected
- Any optional benefits you have selected under your policy
- Discounts you are eligible for
- Previous claims and incident history
- Whether you choose to pay your premium annually, monthly or by instalments
- Government taxes and any state or territory duties or levies
- How much cover you want
- Your risk assessment by the insurer
- The level of excess you select