Insurance Verifier Question:
Download Questions PDF

Explain me what is a‘premium’?

Answer:

It is the amount to be paid for a contract of insurance to the insurance company. It is the sum that a person pays monthly, quarterly or annually according to their plan, in return of the coverage he/she has taken from the insurance company.

Download Insurance Verifier Interview Questions And Answers PDF

Previous QuestionNext Question
Tell us what Is Co-insurance?Please tell us what do you mean by term “Annuity”?