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What is a insurance payment made by the policyholder called?
An insurance payment made by the policyholder is called a premium. This payment is typically made on a regular basis, such as monthly or annually, in exchange for coverage provided by the insurance policy. The amount of the premium can vary based on factors like the type of insurance, coverage limits, and the policyholder's risk profile.
What is a payment for insurance called -?
A premium
A regular payment made to a person after they retire?
A regular payment made to a person after they retire is called a pension
Which term is defined as the payment an insured makes to the insurance company on a regular schedule?
premium
Insurance reimbursement or payment ia also called?
Indemnity
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 insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What is the regular payment made to a person after he or she retires?
Social security
What is it called when a bill is submitted to insurance company for payment?
The term usually used is a "claim".
What are payment options for mercy insurance?
"There are a variety of payment options available for Mercy Insurance.
Do you need a down payment for car insurance?
No, you do not need a down payment for car insurance.
What is a regular repayment to reduce debt called?
payment greater than minimum due
