Fida Finance - API & Developer Documentation
  • INTRODUCTION
    • 💫Transform Risk into Opportunity!
    • 🗞️Whitepaper
    • ✨Core Values
    • 🎴Founder's NFT Collection
    • 📬Contact Us
  • Usage
    • Issuing a Policy
    • Command Line Interface
      • Policy Management
      • Claims Management
  • Fida Policy
    • Policy Contract
    • Policy Life Cycle
      • Policy Initiated
      • Policy Funding
      • Policy on Risk
        • Pay Premium
        • Receive Fida Cards
        • Create a Claim
        • Finalize a Claim
      • Policy Expiration
    • Policy Discovery
  • Investors
    • Investor Contract
    • Investor Contract Life Cycle
      • Registration
      • Buy Fida Cards
      • Sell Fida Cards
      • Unlocking Collateral
      • Withdraw from premium pool
      • Close Account
    • Investor Income
      • Earning premium
      • Staking
    • Investor Discovery
  • 📡MEDIA
    • Library
  • 📚Knowledge
    • FAQ
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  1. Fida Policy
  2. Policy Life Cycle
  3. Policy on Risk

Pay Premium

Every month, a policy contract must pay out premiums to Fida Card Holders. Investors have the opportunity to collect a portion of the premium deposited within the policy script. This amount is directly correlated to the shares they possess. Investors are not obligated to claim the premium frequently, as it accumulates over each payment interval and can be collected even after the policy expires. To collect the premium, investors must possess a Fida cards token within their investor script.

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Last updated 1 year ago

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