18-09-2017 05:55 PM
Premium calculation is effected by the Location.
According to IRDA norms, India is bifurcated into 2 zones.
Zone A: Ahmedabad, Bangalore, Chennai, Hyderabad , Kolkata, Mumbai, New Delhi and Pune.
Zone B: Rest of India
Same is done on the basis that vehicles in some cities are more prone to risk then other cities.