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
Meanings of Minimum:
The smallest or smallest quantity or possible quantity, attainable or necessary
The smallest or least.
Sentences of Minimum
Passport was verified with minimal effort
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
Meanings of Premium:
Amount paid for the insurance policy.
Price added to price or general cost.
Something is given as a gift, reward or incentive.
Sentences of Premium
Accurately, the earnings of a pensionable worker are made up of the premium paid in addition to his salary for the equivalent claim.
Consumers are reluctant to pay more for organic fruits
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