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Insurance declared value Premium is calculated online these days with the help of computers and other digital equipment. In the starting days of insurance, the premium calculation was done manually and was given in writing. Some are the factors include for calculating insurance premium are Make and Model, IDV (Insured Declared Value), Cubic capacity, NCB (No Claim Bonus), Loss Ratio etc. by digital you will get the premiums manually.
Two-wheeler Insurance Premium is calculated online these days with the help of computers and other digital equipment. In the starting days of insurance, the premium calculation was done manually and was given in writing. Some are the factors include for calculating insurance premiums are Make and Model, IDV (Insured Declared Value), Cubic capacity, NCB (No Claim Bonus), Loss Ratio, etc. by digital you will get the premiums manually.
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