in Finance by (257k points)

Question: An insurance policy will be only if ________ is paid.


  1.  Policy
  2.  Premium
  3.  Document
  4.  None

Please log in or register to answer this question.

1 Answer

0 votes
by (735k points)
selected by
Best answer

2. Premium

An insurance policy will be only if Premium is paid.


An insurance policy is an agreement between n insurance provider and an individual. According to the agreement, policymakers pay a certain amount as a policy premium while the insurer pays a certain amount after insurance claim.

Insurance premium is the amount of money that a person or business pays for an insurance policy.

Related questions