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--- is the price paid by the insured for the risk undertaken by the insurer.

AWages

Bpremium

Csalary

Dcompensation

Answer:

B. premium

Read Explanation:

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A --- cannot be made payable to the bearer.
--- ensures payment of the sum assured to the policy holder or to his nominee either at the end of the period or on death of the assured.
Which among the following customers would not typically be categorized as high-risk?