Insurance premium

Insurance premium,

Definition of Insurance premium:

  1. An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.

  2. Financial cost of obtaining an insurance cover, paid as a lump sum or in installments during the duration of the policy. A failure to pay premium when due automatically cancels the insurance policy which, upon payment of the outstanding amount within a certain period, may be restored.

  3. An amount to be paid for a contract of insurance.

  4. Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy. Failure to pay the premium may result in the cancellation of the policy.

How to use Insurance premium in a sentence?

  1. I wanted to buy insurance with this company because the salesman told me they had the best insurance premium and I believed him.
  2. Insurance premiums may increase after the policy period ends.
  3. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.
  4. The insurance premium was too high for our company. We want to protect against losses but not at that high cost.
  5. An insurance premium is the amount of money an individual or business must pay for an insurance policy.
  6. Getting a good insurance premium can help to alleviate many of your concerns of potential bankruptcy due to a disaster.

Meaning of Insurance premium & Insurance premium Definition

Insurance Premium,

Insurance Premium Meanings:

  • Insurance Premium means, The insurance premium is the amount that the policyholder has to pay to the insurance company to cover the first. Payment can be made in full or in part. Payment usually begins after the policyholder and the insurer agree to the terms of insurance. It can be an insured person or a group.

  • Insurance Premium refers to An insurance premium is the amount a person or business pays for an insurance policy. Insurance premiums are paid for health, auto, home and life insurance.

    • Insurance premium is the amount that a person or business has to pay for an insurance policy.
    • Insurance premiums are paid for health, auto, home and life insurance.
    • Failure to pay premiums by an individual or company can result in loss of policy cancellation and insurance coverage.

  • Definition of Insurance Premium: Cash paid for insurance policy coverage.

  • Price charged by the insurer for insurance coverage.

Literal Meanings of Insurance Premium

Insurance:

Meanings of Insurance:
  1. The process or arrangement in which a company or government agency guarantees compensation for some loss, injury, illness or death in exchange for premium payments.

  2. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. Meeting a high standard of personal conduct is the best protection against personal problems.

Synonyms of Insurance

provision, cover, shelter, surety, defence, financial protection, safeguard, security, indemnity, immunity, indemnification, safety measure, protection, precaution, preventive measure

Premium:

Meanings of Premium:
  1. Amount paid for the insurance policy.

  2. Price added to price or general cost.

  3. Something is given as a gift, reward or incentive.

Sentences of Premium
  1. Accurately, the earnings of a pensionable worker are made up of the premium paid in addition to his salary for the equivalent claim.

  2. Consumers are reluctant to pay more for organic fruits

  3. The Society des Arts gave him a bonus

Synonyms of Premium

extra amount, bonus, insurance charge, surcharge, insurance payment, regular payment, remuneration, additional fee, prize, recompense, instalment, extra, additional payment, perk, extra charge, reward, percentage

Insurance Premium,

What is The Definition of Insurance Premium?

  • Insurance Premium refers to Insurance premium is the amount that the policyholder has to pay to the insurance company. Payment can be made in full or in part. Payment is usually made after the policyholder and the insurer have agreed to the terms of the insurance policy. Can be an insured person or group.

  • Insurance Premium means: An insurance premium is the amount a person or business pays for an insurance policy. Insurance premiums are paid for policies that cover life, auto, health and health insurance.

    • Insurance premium is the amount that a person or business has to pay for an insurance policy.
    • Insurance premiums are paid for policies that cover life, auto, health and health insurance.
    • Failure to pay premiums by individuals or companies may result in policy cancellation and loss of coverage.

  • Electronic insurers charge an insurance coverage fee.

Literal Meanings of Insurance Premium

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Many new borrowers buy unemployment insurance or health insurance.

  2. Jacket hanging behind the seat, protected against air conditioning.

Synonyms of Insurance

warranty, guarantee, (financial) protection, backstop, assurance

Premium:

Meanings of Premium:
  1. Amount payable under the insurance contract.

  2. Price or value added to the general price.

Sentences of Premium
  1. Consumers are reluctant to pay too much for organic fruits.

Synonyms of Premium

incentive, inducement, extra amount/charge, bounty, perquisite

Insurance Premium,

Definition of Insurance Premium:

An insurance premium is the amount a person or business pays for an insurance policy. Insurance premiums are paid for policies that cover health, auto, medicare and life insurance. Once earned, the premium is an insurer's income. It also represents loyalty as the insurer has to meet the policy claims. Failure to pay premiums to an individual or company may result in termination of the policy.

  • Insurance premium is the amount that a person or business has to pay for an insurance policy.
  • Insurance premiums are paid for policies that cover life, auto, health and health insurance.
  • Failure to pay premiums by individuals or companies may result in policy cancellation and loss of coverage.
  • Depending on the policy, some premiums are paid quarterly, monthly or semi-annually.
  • Finding insurance can help you find cheaper premiums.

Literal Meanings of Insurance Premium

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in return for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. Jacket hanging behind the seat, protected from air conditioning

Premium:

Meanings of Premium:
  1. Cost or price included in the general price.

Sentences of Premium
  1. The Société des Arts gave him a bonus.