New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The contractual term for the premium in an insurance

    contract is known as:
    A Contribution Correct Answer Incorrect Answer
    B Consideration Correct Answer Incorrect Answer
    C Commitment Correct Answer Incorrect Answer
    D Consolidation Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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