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O-LevelCommerceInsurance7100/11 · Oct/Nov 2025 · Q271 Mark

What is meant by insurance premium?

Aadministrative cost of an insurance company
Bfinancial protection against risk
Cpayment for insurance cover
Dpayment to compensate for a loss

✓ Correct answer

C: payment for insurance cover

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2025 Paper 1 Variant 1, question 27.

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