Accountancy, asked by rohitbhutoria90, 7 months ago

What do you mean by ‘money refund premium’?

Answers

Answered by Lovelyfriend
6

A provision in certain policies that allows the beneficiary to be paid the face amount of the policy as well as the total amount of thepremiums paid. 

Answered by Aria48
0

Explanation:

A premium refund is a clause in an insurance policy that grants the beneficiaries a refund on the policy's face value, as well as the total amount of premiums paid.

This type of refund is not limited to life insurance but is given for different policies, including health insurance and primate mortgage insurance.

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