The sum which the insured pays periodically to his insurance company is called
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
A premium is the amount of money paid by an insured person to an insurance company in exchange for insurance protection. It may be paid periodically according to the terms of the insurance policy.
A premium is the amount of money paid by an insured person to an insurance company in exchange for insurance protection. It may be paid periodically according to the terms of the insurance policy.