Premium is the amount life insured pay, in one go or one of the regular periodic, to insurance company or an insurer in exchange for the life insurance agreement.
Jargon Buster: Premium
Premium is the amount life insured pay, in one go or one of the regular periodic, to insurance company or an insurer in exchange for the life insurance agreement.
Good Topic - Rahul Thanks !!
My Understanding on Premium -
This is the contribution / payment that a policyholder makes to a life insurance company to obtain insurance cover.
In order to get a Loan, you first need to prove that you don't need it.
In simple words - Amount proposer/insured pay to take/continue insurance coverage.
Rules/Guidelines at PolicyWala | Help Old People |
I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
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