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Smart Money · Simple Words · India

Glossary pe wapas jao
Insurance

Insurance Premium Kya Hai? — Matlab, Definition & Example

Definition

Premium wo amount hai jo insurance company ko regularly pay karte ho policy active rakhne ke liye. Age, health, sum insured pe depend karta hai.

💡 Real Example

A 30-year-old non-smoker pays approximately ₹700/month for ₹1 crore term insurance, while a 40-year-old might pay ₹1,500/month for the same cover.

🇬🇧 English Mein (Insurance Premium)

Premium is the amount you pay to an insurance company at regular intervals (monthly, quarterly, or annually) to keep your insurance policy active. Premium depends on age, health, sum insured, policy type, and risk factors. Health insurance premiums qualify for Section 80D deduction.

❓ Common Questions

Insurance Premium kya hai simple words mein?
Premium wo amount hai jo insurance company ko regularly pay karte ho policy active rakhne ke liye. Age, health, sum insured pe depend karta hai.
Insurance Premium ka ek example do?
A 30-year-old non-smoker pays approximately ₹700/month for ₹1 crore term insurance, while a 40-year-old might pay ₹1,500/month for the same cover.
Insurance Premium ko English mein kya kehte hain?
English mein ise Insurance Premium kehte hain. Premium is the amount you pay to an insurance company at regular intervals (monthly, quarterly, or annually) to keep your insurance policy active. Premium depends on age, health, sum insured, policy t