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1. Yearly premium:The amount you are quoted by an insurance company to cover the risk details you have supplied, inclusive of I.P.T (insurance premium tax). There can be instances where the total amount you're required to pay to an insurance company for a year is higher than just the yearly premium quoted. This may well be for charges for other products such as payment protection or legal assistance or due to an additional cost for paying by instalments.
Submitted on Saturday, April 05, 2008 6:51:47 PM

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