Business Studies, asked by Anonymous, 6 months ago

define:- what is premium?

Answers

Answered by VerifiedJaat

Answer:

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Explanation:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. ... For taking this risk, the insurer charges an amount called the premium. The premium is a function of a number of variables like age, type of employment, medical conditions, etc.

Answered by Anshikabhadana

Answer:

premium is an amount paid periodically to the insurer by the insured for covering his risk.......

Explanation:

For taking this risk, the insurer charges an amount called premium.

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