Cat Rating
The following is the default rating structure (rating schedule) used for pricing covers for cats:
BASE
PREMIUM |
|
Monthly |
Annual |
Pedigree
Cat, 0-3 years, Bronze Cover |
16.83 |
201.96 |
|
|
|
|
Cover Weighting |
|
|
|
Bronze |
1.000 |
|
|
Gold |
1.382 |
Cat must be =< 10
years |
Platinum |
2.211 |
Cat must be =< 6 years |
|
|
|
|
Cat Age Weighting |
|
|
|
0-3 |
1.000 |
|
|
4-6 |
1.110 |
|
|
7-9 |
1.410 |
|
|
10-12 |
1.985 |
|
|
13-19 |
2.723 |
|
|
20+ |
- |
Excluded |
|
|
|
|
|
Cat Breed Type Weighting |
|
|
|
Pedigree |
1.00 |
|
|
Mixed |
0.75 |
|
|
|
|
|
|
PREMIUM CALCULATION
|
|
|
Net Premium per Pet Insured |
(BASE PREMIUM * COVER
FACTOR * AGE FACTOR * BREED TYPE) * EXCESS LOADING |
Gross Premium |
Total Net Premium * ADMIN
FEE * IPT |
Minimum Premium |
£15.00 |
IF calculated Total Gross
Premium is <£15.00 then Total Gross Premium = £15.00 |
NOTE
For details about
Administrative Fees and the
Universal
Rating that is also included in the premium price calculation, see the
Pricing And Rating page.
Pricing Examples
Pedigree Cat, 5 Years
Pedigree Cat, 5 Years - Bronze Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Bronze |
1.000 |
|
Age Factor |
4-6 |
1.110 |
|
Below Maximum Age(20)? |
TRUE |
1.000 |
|
Breed Type |
Pedigree |
1.000 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
18.68 |
|
|
Total Net Premium |
18.68 |
|
|
|
|
Admin Fee |
|
1.200 |
3.74 |
IPT |
|
1.120 |
2.69 |
|
|
Calculated Retail Price |
25.11 |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE
|
|
|
|
Retail Price |
25.11 |
|
|
|
|
Admin Fee |
|
1.200 |
4.18 |
IPT |
|
1.120 |
2.69 |
|
|
Net Premium |
18.23 |
Pedigree Cat, 5 Years - Gold Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Gold |
1.382 |
|
Age Factor |
4-6 |
1.110 |
|
Below Maximum Age(10)? |
TRUE |
1.000 |
|
Breed Type |
Pedigree |
1.000 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
25.82 |
|
|
Total Net Premium |
25.82 |
|
|
|
|
Admin Fee |
|
1.200 |
5.16 |
IPT |
|
1.120 |
3.72 |
|
|
Calculated Retail Price |
34.70 |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE
|
|
|
|
Retail Price |
34.70 |
|
|
|
|
Admin Fee |
|
1.200 |
5.78 |
IPT |
|
1.120 |
3.72 |
|
|
Net Premium |
25.20 |
Pedigree Cat, 5 Years - Platinum Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Platinum |
2.211 |
|
Age Factor |
4-6 |
1.110 |
|
Below Maximum Age(6)? |
TRUE |
1.000 |
|
Breed Type |
Pedigree |
1.000 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
41.30 |
|
|
Total Net Premium |
41.30 |
|
|
|
|
Admin Fee |
|
1.200 |
8.26 |
IPT |
|
1.120 |
5.95 |
|
|
Calculated Retail Price |
55.51 |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE
|
|
|
|
Retail Price |
55.51 |
|
|
|
|
Admin Fee |
|
1.200 |
9.25 |
IPT |
|
1.120 |
5.95 |
|
|
Net Premium |
40.31 |
Mixed Breed Cat, 9 Years
Mixed Breed Cat, 9 Years - Bronze Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Bronze |
1.000 |
|
Age Factor |
7-9 |
1.410 |
|
Below Maximum Age(20)? |
TRUE |
1.000 |
|
Breed Type |
Mixed |
0.750 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
17.80 |
|
|
Total Net Premium |
17.80 |
|
|
|
|
Admin Fee |
|
1.200 |
3.56 |
IPT |
|
1.120 |
2.56 |
|
|
Calculated Retail Price |
23.92 |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE |
|
|
|
Retail Price |
23.92 |
|
|
|
|
Admin Fee |
|
1.200 |
3.99 |
IPT |
|
1.120 |
2.56 |
|
|
Net Premium |
17.37 |
Mixed Breed Cat, 9 Years - Gold Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Gold |
1.382 |
|
Age Factor |
7-9 |
1.410 |
|
Below Maximum Age(10)? |
TRUE |
1.000 |
|
Breed Type |
Mixed |
0.750 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
24.60 |
|
|
Total Net Premium |
24.60 |
|
|
|
|
Admin Fee |
|
1.200 |
4.92 |
IPT |
|
1.120 |
3.54 |
|
|
Calculated Retail Price |
33.06 |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE |
|
|
|
Retail Price |
33.06 |
|
|
|
|
Admin Fee |
|
1.200 |
5.51 |
IPT |
|
1.120 |
3.54 |
|
|
Net Premium |
24.01 |
Mixed Breed Cat, 9 Years - Platinum Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Platinum |
2.211 |
|
Age Factor |
7-9 |
1.410 |
|
Below Maximum Age(6)? |
FALSE |
0.000 |
|
Breed Type |
Mixed |
0.750 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
- |
|
|
Total Net Premium |
- |
|
|
|
|
Admin Fee |
|
1.200 |
- |
IPT |
|
1.120 |
- |
|
|
Calculated Retail Price |
- |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE |
|
|
|
Retail Price |
- |
|
|
|
|
Admin Fee |
|
1.200 |
- |
IPT |
|
1.120 |
- |
|
|
Net Premium |
Pet Excluded |
Pedigree Cat, 15 Years
Pedigree Cat, 15 Years - Bronze Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Bronze |
1.000 |
|
Age Factor |
13-19 |
2.723 |
|
Below Maximum Age(20)? |
TRUE |
1.000 |
|
Breed Type |
Pedigree |
1.000 |
|
Options |
|
|
|
Excess Amount |
£100 |
1.150 |
|
|
|
Net Premium |
52.70 |
|
|
Total Net Premium |
52.70 |
|
|
|
|
Admin Fee |
|
1.200 |
10.54 |
IPT |
|
1.120 |
7.59 |
|
|
Calculated Retail Price |
70.83 |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE |
|
|
|
Retail Price |
70.83 |
|
|
|
|
Admin Fee |
|
1.200 |
11.81 |
IPT |
|
1.120 |
7.59 |
|
|
Net Premium |
51.44 |
Pedigree Cat, 15 Years - Gold Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Gold |
1.382 |
|
Age Factor |
13-19 |
2.723 |
|
Below Maximum Age(10)? |
FALSE |
0.000 |
|
Breed Type |
Pedigree |
1.000 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
- |
|
|
Total Net Premium |
- |
|
|
|
|
Admin Fee |
|
1.200 |
- |
IPT |
|
1.120 |
- |
|
|
Calculated Retail Price |
- |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE |
|
|
|
Retail Price |
- |
|
|
|
|
Admin Fee |
|
1.200 |
- |
IPT |
|
1.120 |
- |
|
|
Net Premium |
Pet Excluded |
Pedigree Cat, 15 Years - Platinum Cover
Base
Premium |
Monthly |
16.830 |
|
Cover |
Platinum |
2.211 |
|
Age Factor |
13-19 |
2.723 |
|
Below Maximum Age(6)? |
FALSE |
0.000 |
|
Breed Type |
Pedigree |
1.000 |
|
Options |
|
|
|
Excess Amount |
£200 |
1.000 |
|
|
|
Net Premium |
- |
|
|
Total Net Premium |
- |
|
|
|
|
Admin Fee |
|
1.200 |
- |
IPT |
|
1.120 |
- |
|
|
Calculated Retail Price |
- |
|
|
|
|
Below Minimum Price? |
15.00 |
FALSE |
|
|
|
Retail Price |
- |
|
|
|
|
Admin Fee |
|
1.200 |
- |
IPT |
|
1.120 |
- |
|
|
Net Premium |
Pet Excluded |