English, asked by sumit9867, 16 days ago

hello frnds what is called premium??​

Answers

Answered by vimalkumar8635
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 adharrshv478
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.

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