Which of the following is NOT considered a rebate?

The correct answer is rooted in the understanding of what constitutes a rebate in the context of insurance. A rebate is generally considered an inducement to buy insurance that is not included in the policy terms.

Returning part of a premium to the insured does not qualify as a rebate. This is because returning a portion of the premium typically reflects a legitimate adjustment of the rate or offers a policyholder a refund for overpayment, which is a common practice within the insurance industry. It does not serve as an inducement that is separate from the contractual agreement of the policy itself.

On the other hand, the other options proposed involve forms of inducements or benefits that are not factored into the policy terms initially quoted to the insured, making them more characteristic of rebates. For instance, giving gift cards as an inducement to purchase a policy, or offering discounts that aren't specified in the original policy terms, can be seen as attempts to entice consumers to buy, which aligns with what a rebate typically signifies.