Modified Premium

Modified Premium,

What Does Modified Premium Mean?

  1. Meaning of Modified Premium: The premium is calculated by applying the employer's experience converter to the manual premium.

Literal Meanings of Modified Premium

Modified:

Meanings of Modified:
  1. Make partial or minor changes to (something)

Sentences of Modified
  1. He is probably ready to change his mind

Synonyms of Modified

remake, amend, reform, redo, rework, revise, reorient, revamp, adjust, change, adapt, transform, reshape, reconstruct, make alterations to, recast, reorganize, restyle, refashion, reorientate, refine, improve, alter, vary, redesign, remodel, make adjustments to, convert

Premium:

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

  2. Something that is given as a gift, gift or incentive.

Sentences of Premium
  1. If the calculations are correct, the income of the pensionable worker includes the premium in addition to his salary which he has to pay to the insurers for equal rights.

Synonyms of Premium

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