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Thread: Jargon Buster: Premium

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  1. 21-07-2009 #1
    Natraj
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    PolicyWala Fan Natraj's Avatar
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    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.
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  2. 22-07-2009 #2
    CONFUSED
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    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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