What Does Advance Premium Mean?
Advance Premium means, Advances are payments made by the insurer before the respective dates of payment by the insurer. It may also refer to the first payment in a policy for which the premium has not been calculated.
The definition of Advance Premium is: Most companies give the policyholder the right to pay a premium in advance.
Literal Meanings of Advance Premium
Meanings of Advance:
Especially move on.
Create or move
Current (theory or proposal)
Debt (to someone) (money)
Development or improvement
Amount paid for work completed or partially due.
Usually consult someone for sex.
Sentences of Advance
The troops advanced on the capital
Our knowledge is constantly increasing
The assumptions I would like to make in this article
Banks provide loans
The rebels were making good progress in Madrid
Real advances in technology
Synonyms of Advance
cultivate, lend, deposit, money up front, introduce, make progress, sent on ahead, quantum leap, credit, benefit, headway, invention, moves, development, promote, explorative, forward, proceed, further, preliminary, draw nearer, approach, near, suggest, put up
Sentences of Premium
If the calculations are correct, the income of a pensionable worker includes the premiums that must be paid to the insurance company in addition to his salary to get equal rights.
Synonyms of Premium
insurance charge, extra amount, regular payment, additional payment, remuneration, prize, insurance payment, instalment, extra, percentage, reward, bonus, surcharge, perk, additional fee, extra charge, recompense