What is The Meaning of Valuation Premium?
Insurance valuation refers to the premium rate based on the insurance company's technical terms and obligations. After the insurance company determines that it is sufficient to cover the technical payments, it calculates the pricing premium that covers its obligations. This way the insurer makes sure you have enough assets to cover your policy.
Price premium is the rate set by the life insurance company based on the value of the company's insurance reserves. The terms of the company's policy represent the current value of the cash flow in the future of the insurance policy, and the total liability of the insurance company is the sum of the practical terms of each policy.
- Price premium is the rate set by the life insurance company based on the value of the company's insurance reserves.
- When determining appraisal premiums, the company first ensures that the policy has sufficient reserves to meet the payments. After determining the amount of technical provisions, the insurer can calculate the price premium that will meet its obligations.
- A higher price equals the premium risk and the higher value of the asset or covered item.
Literal Meanings of Valuation Premium
Meanings of Valuation:
Evaluate something of value, especially from professional reviewers.
Sentences of Valuation
Getting an independent diagnosis makes sense
Synonyms of Valuation
price, estimate, costing, evaluation, value, quotation
Meanings of Premium:
Amount paid for an insurance policy.
Sentences of Premium
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 insurance company to get equal rights.
Synonyms of Premium
insurance charge, instalment, remuneration, additional fee, extra, prize, insurance payment, perk, recompense, surcharge, regular payment, additional payment, reward, extra charge, percentage, bonus, extra amount