Mistytrotter
27.03.2020 •
Mathematics
Which of the following tables represents the equation y=2x-1? (8.5.B) *
Option 1
Option 2
Option 3
Option 4
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Ответ:
Annual Premium (not Monthly premium is paid for Term Insurance)
Step-by-step explanation:
Term assurance is the insurance policy that provide cover for life assured for limited time i.e. 10 years cover. It is a policy usually use to compensate against sudden death or injury as a result of different perils. Travellers, Pilgrimage are well known users of Term insurance as their life risk increase with the journey.
If the scenario of 10 years cover, premium will be payable yearly(Annual premium).
If the coverage is for say 1 years, premium might be required to be paid monthly or semi-annually depending on the policy of each insurance company.