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What is an insurance premium?


Asked By: Avni Agate



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7 Answer(s) Available

Studied at Guru Gobind Singh Indraprastha University Microsoft Word Medical Device Fresno 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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Master's in Economics & Chinese (language), University of California, San Diego Process Improvement Test Cases Inventory Management Circuits Jacksonville 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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Bollywood Content Writer | Bollywood Blogger Revenue Growth Sourcing Portland United States


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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Title Examiner Admissions Malappuram India


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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Fish Hatchery Specialist Human Resource Public Policy Segmentation Chandigarh India


Put simply, an insurance premium is an amount paid for purchasing an insurance plan. An insurance plan is a contract between an insurer and

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Horticultural Worker Supervisor Audio Coimbatore 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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Tv/Film/Theatre Set Designer Sharepoint Ux Lucknow 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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