Insurance policy payment 7 Letters Crossword Clue Puzzle Answer from October 25, 2024
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Updated Oct 25, 2024
Insurance policy payment Crossword Clue Answer
Let’s find the answers to the Insurance policy payment crossword clue for the October 25, 2024 edition of Irish Daily Mail Quick crossword puzzle. Answer Contains 7 letters. Start with P and end with M, and the possible solutions are PABULUM, PALLIUM, PREMIUM.
The answer is PREMIUM.
The crossword clue "Insurance policy payment" with the answer "PREMIUM" refers to the amount of money that an individual or entity pays to an insurance company in exchange for coverage against potential risks. Insurance premiums can be paid on a regular basis, such as monthly or annually, and are calculated based on various factors, including the type of insurance, the level of coverage, the insured's risk profile, and other underwriting criteria. The premium represents the cost of transferring risk from the policyholder to the insurer, allowing the policyholder to have financial protection in the event of a claim, such as accidents, health issues, or property damage. Understanding the concept of an insurance premium is crucial for individuals seeking to manage their finances and protect their assets, making "premium" an apt answer for this clue in the context of insurance terminology.
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