Why is a Career Affecting Premium?

Occupation is one of the factors affecting the premium. Working in the environment is more likely to occur risk, the higher the premium Life insurance is a product that helps you to reduce the financial burden and actively respond to unexpected risks. Because of such direct personal benefits, each person's life insurance policy has different content, regulations and fees.

Careers are considered one of the factors that directly affect your premiums. Understanding the cause, the specific occupational group in insurance will help you make the right decision to choose products that are more appropriate and appropriate for your needs. Why do occupations affect the premium? The job you are doing is more or less reflecting your finances, your living conditions as well as your risk, disability, and death. Accordingly, life insurance rates will be proportional to the level of risk you experience at work. The higher the mortality rate, the higher the premium you have to pay, and the lower the mortality rate, the better the premium you have to pay. In addition to other factors such as age, sex, health, etc., this calculation helps the insurance company predict how long it will take for the insurance company to pay your insurance premium. The contract goes into effect when you are at risk. This is not only important in the calculation of premiums, they also help the company to come up with the right package and the right benefits for you. 3 occupational groups - 3 dangerous levels - The intellectual group: This is the occupational group that has a low impact on the insurance premium because of the nature of the work being done in offices, closed offices, less accidents and unexpected risks. Although the work environment is more secure than manual work, intellectual workers are considered to be vulnerable to psychological disorders such as stress, depression, and depression. If these conditions last long, they will indirectly affect your health and life (suicide). Common occupations in this group are management, office staff, lecturers, customer care staff ... In addition, occupations working directly with chemistry and biology such as doctors, scientists, researchers ... are classified as high-risk intellectual workers. During work, the ability of this occupational group to encounter accidents, injuries caused by chemicals, viruses, large bacteria, easily cause body injury and sudden death. - Groups of manual workers: These are occupational groups that have a high impact on premiums, the environment and the nature of the work to be dealt with, face to face with accidents, unexpected risks in life. . Jobs like scaffolding workers, mine workers, divers, electricians, drivers, etc. are all jobs that require you to move a lot, working directly with heavy machinery, tools, etc. occupational accident. When you are working in this occupational group, your premium will definitely outweigh the premiums of others. This can lead to comparisons between different occupational groups. However, if you think long-term, the higher your premium, the greater your family's and your loved ones' protection. - Other groups: besides the two occupational groups, some other occupations such as pilots, circus performers, firefighters ... Because of the high level of occupational accidents, it is difficult to predict the level of insurance premiums. fit. If you work in this job group, the insurance company has the right to refuse insurance, which usually offers you a separate insurance policy under the policy of the company where you work. This is to ensure the benefits for both you and the insurer. What to do when you are in a dangerous occupational group? "Change a job is less risky?" - This simple idea is not simple at all. Each person has his or her own circumstances and reasons for choosing a job, so job change is not considered as an optimal solution. In this case, what you need to do is to be cautious and comply with all applicable occupational laws to minimize the risk of sudden injury. You can also listen to advice, share from colleagues in the long career, from which to draw experience for themselves to avoid breaking the mistake is not worth it. In addition to taking care of your occupation, you may want to consider the right product and the right amount of insurance, and look for a reputable, reputable insurance company to help you with your money. In the process of exchange, you need to honestly share the factors affecting the premium such as age, health, occupation ... so that the insurer can understand your problem, needs. To find out more information, please contact us for specific advice on products, terms, benefits go offline! We are always ready to be with you and your companions in every journey