The price paid for the purchase of insurance policy is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
An insurance premium is the amount of money an individual or business must pay for an insurancepolicy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.Insurance premiums may increase after the policy period ends.
An insurance premium is the amount of money an individual or business must pay for an insurancepolicy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.Insurance premiums may increase after the policy period ends.