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Can health insurance base insurance premium on gender?
No, health insurance premia is not based on gender of the insured.
Which term is defined as the payment an insured makes to the insurance company on a regular schedual?
that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).
What is Medical Insurance Premiums?
The price one would pay for Health Insurance.
A person who is insured is called?
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
Which term is defined as the payment an insured makes to the insurance company on a regular schedule?
premium
What best describes term life insuranceA The insured is covered during his or her entire lifetimeB The insured pays the premium until his or her death?
Which of the following best describes term life insurance?A. The insured is covered during his or her entire lifetime.B. The insured pays the premium until his or her death.C. The insured pays a premium for a specified number of years.D. The insured can borrow or collect the cash value of the policy.
What life insurance policy allows the premium to increase only for a class of insured?
Term insurance that has no guaranteed premiums. 4lifeguild
A fire insurance policy has an annual premium of 780 what is the regular refund if the policy si canceled by the insurance company after five months?
Premium = insured value / $100 * Rate
What is return of premium?
Return of premium life insurance is a type of term life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term.
What is no claim bonus in health insurance?
When you do not claim on your health insurance during a particular year, the insurance company provides you with a no claim bonus. This increases your sum insured at the same premium or reduces your premium while maintaining the same sum insured - depending on the no-claim bonus feature offered by the chosen insurer. Sometimes, this bonus also comes as a discount on your premium at renewal.
What are the key differences between being self-insured versus fully insured?
The key difference between being self-insured and fully insured is that with self-insurance, the company takes on the financial risk of providing insurance coverage for its employees, while with fully insured plans, the company pays a premium to an insurance company who then assumes the financial risk.
With insurance the insured agrees to pay a specific premium each year until death?
Whole life
