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

Options:

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

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1 Answer

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Best answer

2. Premium

An insurance policy will be only if Premium is paid.


Explanation:

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.

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