hello frnds what is called premium??
Answers
Answered by
1
Answer:
Definition: 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.
Answered by
0
Answer:
Hi bro
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.
Similar questions