It’s a deal between the insurance company and the policyholder that says the insurance company will pay for the policyholder’s medical costs during the policy’s term.9988222260

It’s a deal between the insurance company and the policyholder that says the insurance company will pay for the policyholder’s medical costs during the policy’s term. According to the terms of the policy, the insured may have to pay for medical care if they get sick or have an accident that sends them to the hospital. For the policyholder to get the coverage benefits, he or she must pay a certain amount of money on a regular basis. This is called a premium. The insurance company decides how much the premium will be, and policyholders must pay it on time every month, quarter, half-year, or year.