Amount paid by insurance
![Amount paid by insurance class=](https://us-static.z-dn.net/files/dc3/ae0c3ff337cf835952c65f030faeff67.png)
Answer:
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others. Once earned, the premium is income for the insurance company.