Question

What are the types of premium payment?

a.

Single premium payment, Annual premium payment, Monthly premium payment

b.

Single premium payment, Limited premium payment, Regular premium payment

c.

One-time premium payment, Bi-annual premium payment, Quarterly premium payment

d.

Fixed premium payment, Variable premium payment, Flexible premium payment

Answer: (b).Single premium payment, Limited premium payment, Regular premium payment Explanation:The types of premium payment in insurance can be single premium payment, limited premium payment, and regular premium payment.

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Q. What are the types of premium payment?

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