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Bn77 Posted 17 years ago
Vocabulary

Insurance premium

I have a question about " insurance Premium".
Is it the money you pay to an insurance company or is it the money that you receive from an insurance company?
  

Top answer

Hi, It's the money you pay to the company. Clive

  • Hi, It's the money you pay to the company.
  • Clive
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3 Answers
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Hi,

It's the money you pay to the company.

Clive
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Thank you for your reply!

then, how do you say "the money you receive from the company?
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Hi,

There's no one standard word. You could say this.



My TV set was stolen last month.

I claimed the cost of a new one under my home insurance.

Today I received payment of my claim.



Best wishes, Clive

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