What is Difference between Policy and premium
This query is : Resolved
03 March 2023
LIC Policy contains details of insured, amount insured, period of insurance, maturity date and details of monthly/annual premium payment.
An insurance premium equates to the money that is paid by any person or company/business for availing of an insurance policy.
An insurance premium equates to the money that is paid by any person or company/business for availing of an insurance policy.
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