Loadings and exclusion effect on Insurance premium Back
Loadings: Life Insurance loadings are an additional fee you pay for life insurance premium cover if you are more likely to make a claim in the eyes of insurer, it might be due to medical conditions or due to occupational hazards.
Other common examples of loadings: smoking cigarettes or history of smoking, heavy drinking habit,
Exclusions: In Life Insurance exclusions are circumstances that are not covered by your life insurance policy, which generally means you will not be able to make a claim for these events.
Common examples of exclusions: behaving unwisely, a risky lifestyle, bad health, high-risk travel plans, working in a dangerous profession, suicide and self-harm, illegal and criminal incidents.