What’s the difference between Insurance and Premium?
When someone needs money, they often want to have some security, which is where buying an insurance policy comes in.
Before or after acquiring an insurance policy, a person should be aware of several factors, including insurance and insurance premium.
What is Insurance?
Insurance is a way to managing a person or a company’s risk. This is an arrangement by which an Insurance Company provides a guarantee of compensation for specified loss, damage, illness, or death in return for a specified premium paid monthly or yearly. There are several types of Insurance
What is an Insurance Premium?
A individual or a business can manage their risk by purchasing insurance. This is a deal where an insurance company guarantees payment in the event of a certain loss, damage, disease, or death in exchange for a predetermined premium paid on a monthly or annual basis. Various forms of insurance exist.
Insurance and Premium
Insurance is an arrangement by which a Company provides a guarantee of compensation for a named loss, damage, illness, or death in return for an amount whiles an insurance premium is the amount you pay for your insurance every month to your insurance provider.
Kindly read all the Latest News, Entertainment News and gossips here. Follow us on Facebook, Instagram, Twitter, YouTube and Telegram.
Discover more from Ghananewsprime
Subscribe to get the latest posts to your email.
