GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The insurance companies collect a fixed amount from its customers at a fixed interval of time. What it is called?
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EMI
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Premium
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Installment
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Contribution
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Explanation:
Detailed explanation-1: -Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called premium.
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