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Thread: Jargon Buster: Premium

  1. #1
    Moderator Rahul's Avatar
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    Question 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.


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  2. #2
    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.

  3. #3
    Moderator CONFUSED's Avatar
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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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