👉 Premiums are fees that are charged to customers for certain products or services, such as insurance policies. These fees can vary widely depending on factors such as the type of policy and the location where it is purchased. Some common types of premiums include: 1. Health Insurance Premiums - These typically cover medical expenses such as doctor visits, hospital stays, and prescription drugs. 2. Life Insurance Premiums - These are paid to an insurance company when you die or become disabled, which can be for a