What does the term “premium” denote in relation to an insurance policy?

Profit earned by the insurer
Price paid by an insured for purchasing the policy
Price paid by an insured for purchasing the policy
Expenses incurred by an insurer on a policy

LohaHridoy

6 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 2

The term premium denotes the price that is paid by an insured for purchasing an insurance policy.

6 views Answered 2022-09-01 13:21

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