BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy.

Detailed explanation-2: -An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.

Detailed explanation-3: -An insurance claim is a formal request to an insurance company asking for a payment based on the terms of the insurance policy.

Detailed explanation-4: -Premium-The amount paid by an insured to an insurance company to obtain or maintain an insurance policy. Premium load-An amount deducted from each life insurance premium payment, which reduces the amount credited to the policy.

Detailed explanation-5: -An insurance claim is a formal request from the policyholder (that’s you) to their insurance company asking for payment after a covered incident. These incidents can include anything covered by your insurance policy, like a hospital stay, a natural disaster, or theft.