What is a premium?
You need to pay a certain amount to the insurer to enjoy the coverage of a general insurance policy. This amount that you pay is known as a premium. It can be paid monthly, quarterly, yearly, etc. depending on the type of plan you have.
The premium of your general insurance policy depends on numerous factors. Keeping this in mind, most general insurance companies in India have premium calculators on their websites. General insurance calculators are simple online tools that compute the premium of your insurance plan based on your personal details & your coverage needs.