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Rating for different risk traits involves - on the most elementary level - evaluating the losses with "loss relativities"—a policy with twice as many losses would, due to this fact, be charged twice as a lot. More advanced multivariate analyses are generally used when a number of traits are concerned and a univariate evaluation could produce confounded results. Other statistical methods may be utilized in assessing the probability of future losses. The policyholder can select to pay the time period insurance premiums through Net Banking, Debit/Credit playing cards, NEFT or via any e-Wallets.
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