Inflation as you know denotes a change of prices, where as "inflation rate" signifies a rate of change of prices. With inflation of prices, the worth of insurance premium also may go up. This indicates a higher rate of payment towards meeting an unforeseen risk.
Posted: Fri Aug 07, 2009 09:25 am Post Subject:
Inflation as you know denotes a change of prices, where as "inflation rate" signifies a rate of change of prices. With inflation of prices, the worth of insurance premium also may go up. This indicates a higher rate of payment towards meeting an unforeseen risk.
Add your comment