Difference Between Insurance and Premium
Share This Article

What’s the difference between Insurance and Premium?

Many persons want to have some securities in the times of financial needs and this is where purchasing an insurance policy comes in.

There are some things one need to know before or after purchasing an insurance policy that is Insurance and Insurance Premium.



APRA Approved Insurers, Friendly Societies Australia
APRA Approved Insurers

What is Insurance?

Insurance is a way to managing a person or a company’s risk. This is an arrangement by which an Insurance Company provides a guarantee of compensation for specified loss, damage, illness, or death in return for a specified premium paid monthly or yearly. There are several types of Insurance…. Read More

What is an Insurance Premium?

An insurance premium is the amount you pay for your insurance every month be it Car Insurance, Home Insurance, Health Insurance, Property Insurance, Travel Insurance, flood insurance among others.

What is the difference between Insurance and Premium?

Insurance is an arrangement by which a Company provides a guarantee of compensation for a named loss, damage, illness, or death in return for an amount whiles an insurance premium is the amount you pay for your insurance every month to your insurance provider.

Source : Keeoko.Com


Share This Article
2 comments
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Amigo Loans, United Kingdom – Offers, Offices and Contacts

Share This Article

Share This ArticleIf you are looking for a company that lends money…
Share This Article

Understanding Short-Term Insurance: An Overview of Temporary Coverage Options

Share This Article

Share This ArticleThere are many reasons a person needs to sign up…
Share This Article

What type of insurance is the most important?

Share This Article

Share This ArticleTo safeguard ourselves against unforseen circumstances such as death, destruction…
Share This Article

List of Top 100 Insurance Companies that Work In The Aviation Industry

Share This Article

Share This ArticleThe aviation industry is one of the industries that are…
Share This Article