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Today General Knowledge(GK)
The amount to be paid for a contract of insurance to the insurance company, that is the sum that a person pays monthly, quarterly or annually according to their plan, in return of the coverage he/ she has taken from the insurance company is known as
A)
Certain Loss
B)
Uncertain Loss
C)
Claim amount
D)
Premium

Correct Answer : Option (D) - Premium


Published On : May 20, 2021
Category : Business and Economics
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