Answer:
Insurance premium
Step-by-step explanation:
The amount you have to pay for your premium would be depended on the type of insurance plan that you pick along with your personal status (Typically, wider coverage with larger payout tend to have higher premium. Also, young costumers with healthy weight tend to have lower payment compared to older customers or overweight costumers)
After picking your insurance plan, Your insurer will provide you with options on how to pay those premiums. (such as annually or semi annually). And you are required to make the payment before the date mentioned in the installment