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Insurance premium

保険料 ／ insurance-premium　—　Institutions

Money paid periodically by the insured for pensions, medical care, long-term care, and private insurance.

Assignat of 50 sols Assignat of 50 sols1793
A real specimen of the related term “Pension”.

It is not a savings account where you get back exactly what you paid in. It is a membership fee for sharing losses among many people. ⚠ The rates for public insurance premiums are set by law and change annually. Check the year on the notification.