From Longman Dictionary of Contemporary EnglishRelated topics:Insuranceinˈsurance ˌpremiumnoun[countable]the money that you pay regularly to aninsurancecompanyExamples from the Corpusinsurance premium•Afreeholidaydoes notincludeoptionalinsurance premium.•It would benecessarytoincreasetheinsurance premium...
the contract itself, set forth in a written or printed agreement or policy. the amount for which anything isinsured.insured. an insurance premium. any means of guaranteeing against loss or harm: Taking vitamin C is viewed as an insurance against catching colds. ...
The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.
Insurance is a settlement or arrangement by which a State or a company undertakes to provide the insured with compensation for a possible eventuality such as damage, illness, loss, or even death in return for the sum payment of a given premium. What is insurance?/What is the meaning of ins...
The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.
Written premiums are calculated by assessing the risk of the claim. The higher the level of risk, the higher the premium. So for example, a person who is looking for life insurance and works day to day in an office environment will have lower premiums than someone who races cars for a ...
premium meaning, definition, what is premium: the cost of insurance, especially the am...: Learn more.
Insurance.the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments. Economics.the excess value of one form of money over another of the same nominal value. a sum above the nominal or par value of a thing. ...
and at what premium. Underwriting insurance for a customer with a poor credit profile and several dogs is riskier than insuring someone with a perfect credit profile and no pets. The policy for the first applicant will command a higher premium because of the higher risk being transferred from ...
An insurance industry ETF is an exchange-traded fund (ETF) that aims to generate returns equal to an underlying index of insurers. They invest in all types of insurers, and, depending on their mandate, might also hold overseas securities. ...