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What is a insurance premium?


Asked By: Kashvi Rau



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8 Answer(s) Available

Internet/Social Media Enthusiast Service Delivery Financial Statements Milwaukee United States


Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

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Advertising Copywriter Business Administration Experiments Partnerships Architectures Chennai India


Insurance Premium is paid as a cost to cover a possibly unseen devastating loss. It is the actual amount of money charged by insurance companies for active

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4

Nature Conservation Officer Business Process Kolkata India


An insurance plan is a contract between an insurer and an insured. Any valid contract has a consideration, and the consideration you pay for an

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4

Metallurgist Real Estate Varanasi India


The insurance premium is the sum of money an individual or business must pay for aninsurance policy. The amount of insurance premium that

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4

Enforcement officer EPFO Driving Record Security Clearance Albuquerque United States


What Is the Insurance Premium? Everyone knows insurance costs money, but a term that is often new when you first start buying insurance is "premium." Typically, How Much Is an Insurance... · What Factors Determine the...

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Import Export Business Policies Physics Cross-Functional Team Denver United States


Simply put, “premium” means a payment. It's the amount of money you pay your life insurance company in exchange for your coverage. The payout itself (called a

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Veggie lover, nutrition & fitness enthusiast External Partners Supervisory Experience Phoenix United States


In a nutshell, an insurance premium is the payment or installment you agree to pay a company in order to have insurance. You enter into a

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Town And Country Planner Telecom Ui Sharepoint Affiliate Raipur India


An insurance premium is the amount of money an individual or business must pay for an insurance policy. Insurance premiums are paid for

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