Which insurance is called as assurance Why?

Which insurance is called as assurance Why?

Life insurance: The insurance that covers the life risk of the person is known as life insurance. This type of insurance is considered as assurance. Here the total sum assured is paid to the insured on the maturity of the policy or the family of the insured after his/her demise. Jan 25, 2018

How is premium charged?

How an Insurance Premium Works. When you sign up for an insurance policy, your insurer will charge you a premium. This is the amount you pay for the policy. Policyholders may choose from several options for paying their insurance premiums.

How much total money will Jerry pay in the month of June?

How much total money will Jerry pay in the month of June? The total is $250.

See also  Is it worth buying washing machine insurance?