What does Morbidity Rate mean? Read on to discover the definition & meaning of the term Morbidity Rate - to help you better understand the language used in insurance policies.
The morbidity rate is a statistical figure that shows how many members of a population are infected by a disease and how often it occurs in a defined area at a particular period. Insurers use this figure to determine premium rates for health and life insurance.
We hope the you have a better understanding of the meaning of Morbidity Rate.