for life insurance company, premium received from client is an asset or a lia

for life insurance company, premium received from client is
an asset or a liability.

Question Posted / vaibhav shrivastava

1 Answers
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for life insurance company, premium received from client is an asset or a liability. ..

Answer / vaibhav shrivastava

for life insurance company it is an asset because it an income
for company, a liability too because on return company have to
pay more.
Hence in life insurance company some amount from premium is
save as provision of return as liability and rest of is used
for investment.

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