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Concept
Premium Payment
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Summary
Premium Payment
is the periodic or
Lump sum amount
paid by the policyholder to an
Insurance Company
to keep an
Insurance Policy
active. It is crucial for
Maintaining coverage
and can vary based on factors like
Risk Assessment
,
Coverage Amount
, and
Policy Terms
.
Concepts
Risk Assessment
Coverage Amount
Policy Terms
Insurance Underwriting
Actuarial Science
Premium Calculation
Policyholder
Lapse In Coverage
Payment Frequency
Insurance Contract
Coverage Period
Policy Lapse
Coverage Termination
Policy Term
Insurance Reinstatement
Policyholder Responsibilities
Reinstatement Clause
Relevant Degrees
Public Sector Finance 60%
Insurance and Risk Sharing 40%
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