What is Premium?
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There are no countries in Antarctica, although seven nations claim different parts of it: New Zealand, Australia, France, Norway, the United Kingdom, Chile, and Argentina. The Antarctic also includes island territories within the Antarctic Convergence
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tion: 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.
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