Multiple choice general knowledge

Which of the following is not a mode of premium payment?

  1. Quarterly

  2. Annually

  3. Fortnightly

  4. Half yearly

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Standard insurance premium payment modes are monthly, quarterly (every 3 months), semi-annually or half-yearly (every 6 months), and annually. Fortnightly (every 2 weeks) is not a standard premium payment frequency offered by insurance companies, though it is used in other contexts like payroll.