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1.Insurance premium or premium is the amount of money, which is paid for a certain level of insurance cover for a particular time period.
2.According to an insurance Contract, insurance Company promise to pay money to the policy owner if some specific event happens. In consideration of this promise, policy owner has to pay some fixed amount to the insurance company is called “Premium”.
Calculation of insurance premium
completeinsuranceguide.blogspot.com about insurance
completeinsuranceguide.blogspot.com
2.According to an insurance Contract, insurance Company promise to pay money to the policy owner if some specific event happens. In consideration of this promise, policy owner has to pay some fixed amount to the insurance company is called “Premium”.
Calculation of insurance premium
completeinsuranceguide.blogspot.com about insurance
completeinsuranceguide.blogspot.com
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