What do we call the money charged for the insurance coverage?

What do we call the money charged for the insurance coverage?
[A]Policy Lapse
[B]Morbidity Risk
[C]Premium
[D]Package Policy

Premium
Premium is the money charged for the insurance coverage reflecting expectation of loss.

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This question "What do we call the money charged for the insurance coverage?" was published on GKToday on June 3, 2015 at 5:09 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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