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What does insurance premium mean?

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What does insurance premium mean?
The premium is the cost that you must pay to have the insurance.
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Can you deposit the insurance premium in advance?

At lic u can pay advance premium for the next 5 years in advance at concessional rates. If the advance premiums falling in the next financial years, you will get discount of 5
Is insurance premium part of deductible?

Is insurance premium part of deductible?

The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you mak

What is premium holiday in life insurance?

A "premium holiday" is a provision contained in some whole life insurance policies that permits the cessation of premium payments, usually in the event of economic hardship. P

How do you get insurance premium?

Answer   I need your question too be a little more in depth. Are you asking how insurance companies come up with the rate they charge.

What is graded premium life insurance?

  Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy,

What is premium loading in insurance?

Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.

What is Return of Premium in an insurance policy?

    Answer       Return of Premium (ROP) is a relatively new feature available in Term Life Insurance. The major drawback to Term Insurance is that if y

What does insurance monthly premium means?

This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or

What is a mortgage insurance premium?

The amount you pay (generally monthly in your house payment) for  the morgage insurance policy. Most lenders require you to carry  mortgage ins or PMI if you finance more th

What is an annual premium for life insurance?

Single Premium Life Insurance policy is good for those who can pay  a lumpsum in a single stroke. Like conventional life insurance  policies, this policy too provides a secu

What is the premium term life insurance?

Term life insurance is an insurance one would buy if they are looking to insure themselves for a specific term such as 20 years. This is a relatively low cost and basic insura