General insurance What is the minimum amount of money required to fund insurance scheme in your country?

sincerem

VIP Contributor
Having learned the benefits attached to insuring our business, property, health and so on, through insurance scheme. And knowing the policies around the insurance company when it comes to offering their premium services to customers.

It is no longer secrete, every insurance company ranging from life insurance, business insurance, liability insurance, auto insurance, health insurance, travel, and home insurances etc. All have their terms and condition when it comes to the minimum amount one can deposit when it comes to paying for the insurance scheme of their choice, either per month or annum.

Every insurance company in every given country should have a set minimum amount required before a customer can be endorse in any of the insurance scheme.

What's the lowest amount of money accepted by insurance in your own country via any of the insurance scheme?
 
Top