It is possible because the insurance company creates a big pool of funds via a collection of
nominal premiums from individuals who face a similar risk.
Not exact matches
With the payment of
nominal premium (that is deducted
from the approved loan amount) the borrower can avail of a credit shield equal to the outstanding loan amount.
Farmers will have to pay a
nominal amount of the insurance
premium which will fortify them in the event that they should suffer any losses during any stage of farming activity —
from the sowing of crops to the post-harvest season.
For a
nominal annual
premium, you can protect yourself and your personal belongings
from a wide range of possible circumstances.
For a
nominal monthly
premium, you and your family can be protected
from a wide range of named events.
The cost of annual
premiums are
nominal, generally ranging
from a few hundred dollars a year to a couple of thousand, depending on the coverage needs of the particular business.
If you want additional help
from career experts,
premium resume building sites often offer coaching and help for a
nominal fee.