Question

Insurance premium is paid by insurer or insured​

Answer 1

Answer:

Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Answer 2

Hello !

This is the amount you pay for the policy. Policyholders may choose from a number of options for paying their insurance premiums.

Hope it Helps u :)