![The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?](https://www.gkseries.com/blog/wp-content/uploads/2022/04/The-insurance-companies-collect-a-fixed-amount-from-its-customers-at-a-fixed-interval-of-time.-What-is-it-called.png)
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
A. Instalment
B. Contribution
C. Premium
D. EMI
Answer: Premium
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