**Fire Insurance Premium**

Fire insurance is a type of property insurance that provides coverage against losses caused by fire. This insurance policy protects the insured party against financial loss in case of damage or destruction of their property due to fire. To avail this coverage, the insured party needs to pay a premium to the insurance company. In this case, a payment of 6000 rupees has been made by cheque as fire insurance premium for a period of 12 months starting from 1st October 2017.

**Payment Method: Cheque**

A cheque is a widely used method of payment in commerce. It is a written order from the account holder (payer) to their bank, instructing the bank to pay a specific amount of money to the person or organization named on the cheque (payee). In this case, the insured party has chosen to pay the fire insurance premium of 6000 rupees by cheque.

**Fire Insurance Coverage Period**

The fire insurance premium of 6000 rupees is paid for a period of 12 months, starting from 1st October 2017. This means that the insured party will be covered against fire-related damages or losses for the entire duration of 12 months, starting from the specified date.

**Importance of Fire Insurance**

Fire insurance is essential for individuals and businesses to protect their assets and properties from the devastating impact of fire. Fire accidents can cause significant financial loss, and having a fire insurance policy in place provides a safety net to mitigate these losses. By paying the fire insurance premium, the insured party transfers the risk of fire-related damages to the insurance company, ensuring that they will be financially compensated in case of any unfortunate incidents.

**Conclusion**

In conclusion, the insured party has made a payment of 6000 rupees by cheque as a fire insurance premium. This premium covers the insured party against fire-related damages for a period of 12 months, starting from 1st October 2017. Fire insurance is crucial for protecting assets and properties, and by paying the premium, the insured party secures financial compensation in case of fire accidents.