Being rather new to the adulting life, my friends and I were talking about our monthly expenses when we realised that we were paying different premium amounts for the same types of insurance policies.

And that’s even though we are of the same age!

The only difference that we could think of is that I’m female, while he is male…

Wait, don’t rage!

‘Cus we did for a while before it dawned on us: there must be a logical explanation as to why women and men pay different premiums for the same insurance.

Putting aside other deciding factors such as age and medical history, I did a little research and found out several interesting factors which explain why men and women pay different premiums.

Looking only at gender as a point of comparison, and assuming all other factors are kept