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The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

April 26, 2022
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The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

Q. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

A.            Instalment

B.            Contribution

C.            Premium

D.            EMI

Answer: Premium

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