What does “insurance premium” mean? - IntrebBT | Transilvania Bank

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What does "insurance premium" mean?

It's simpler than it seems. 😅

The insurance premium is actually the price of the insurance.

In other words, it is the amount you pay to those who offer you a insurance (the insurance company) in exchange for the obligation to pay you compensation in case one of the events you insured against occurs. 👍

Last update

2026-06-12

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Insurance premium