Premium Discount Definition:
Premium Discount means, The volume discount applies to premiums that take into account the administrative cost savings associated with higher premiums. It is primarily used in workers' compensation insurance and is available in states where rates are approved and issued (the state claims that insurance is now free to renew its premium cost factor). After pricing based on experience, a reward discount is applied to rewards of more than 5,000 at a growth rate that increases with the reward. There is no discount in the award when implementing the previous plan.
Literal Meanings of Premium Discount
Meanings of Premium:
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
prize, regular payment, perk, extra amount, percentage, reward, surcharge, extra charge, remuneration, extra, recompense, insurance charge, bonus, additional fee, additional payment, instalment, insurance payment
Meanings of Discount:
Decrease the (normal value of an item)
Due to lack of credibility (possibly reality or person) it is not possible to see.
A deduction from the nominal cost of an item that will usually be paid on time or in advance, or to a specific category of buyers.
(From a store or company) who have a product to sell at a lower price.
Sentences of Discount
Existing users are eligible for discounts.
I heard the rumors but put them aside
Many stores offer discounts on wholesale purchases
Discount Pharmacy China
Synonyms of Discount
dismiss, cut, brush off, take no notice of, concessionary price, deduct, take no account of, gloss over, deduction, take off, concession, reduction, rebate, pass over, markdown, overlook, ignore, cut price, lower price, price cut