What does the term “Premium” denote in relation to an Insurance Policy?

1
Profit Earned by the Insurer.
2
Price Paid by an Insured for Purchasing the Policy.
3
Margins of an Insurer on a Policy.
4
Expenses incurred by an Insurer on a Policy.

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation