business services

Which of the following is not a term used in Insurance

• Premium

• Subject matter

• Policy

• identity

Which of the following is the meaning of premium?

• A one-time payment for Insurance

• A periodical payment for insurance

• A payment for the best version of an Insurance policy

• A one-time or periodical payment for Insurance

Insurance is a ________

• Compensation

• Contract

• Payment

• Specified event

Which of the following is not a business service?

• Healthcare

• Production

• Transportation

• Finance

Rohit paid $1,000 monthly as the Premium payment to LIC, India.
Who is the insurer, and who is the insured

• Rohit is the insurer and LIC is the insured

• LIC is the insurer and Rohit is insured

• they are both the insurers