Minimum Premium

Minimum Premium,

Minimum Premium means,

The lowest premium is charged for providing some insurance coverage. Minimum premiums can be applied in a number of ways, for example, by location, type of insurance or policy.

Minimum Premium means: The lowest premium that can be charged for providing some insurance coverage.

The lowest insurance company rates for insurance policies.

Literal Meanings of Minimum Premium

Minimum:

Meanings of Minimum:
  1. The smallest or smallest quantity or possible quantity, attainable or necessary

  2. The smallest or least.

Sentences of Minimum
  1. Passport was verified with minimal effort

  2. This can be done with very little effort

Synonyms of Minimum

bottom level, nadir, bottom, lowest level, rock bottom, base, least, slightest, depth, lowest, least possible, minutest, rock-bottom, littlest, minimal, smallest, lower limit

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