What does insurance premium mean?
Definitions for insurance premium
in·sur·ance pre·mi·um
This dictionary definitions page includes all the possible meanings, example usage and translations of the word insurance premium.
Princeton's WordNet
premium, insurance premiumnoun
payment for insurance
ChatGPT
insurance premium
An insurance premium is the amount of money an individual or business pays to an insurance company in exchange for a certain level of coverage. This payment can be made annually, semi-annually, quarterly, or monthly, depending on the agreed-upon terms of the insurance policy. The premium amount is determined by various factors including the type of insurance, the amount of coverage, the insured individual's risk profile, and more. If the policyholder fails to pay the premium, the insurance company may cancel the coverage.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of insurance premium in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of insurance premium in Pythagorean Numerology is: 1
Examples of insurance premium in a Sentence
I appeal to all moderate MPs (lawmakers), to put our national security first and to support building four new Trident submarines, spread across the 30-year life of the new boats, this represents an annual insurance premium of around 0.13 percent of total government spending.
In mature markets we aim to keep up with GDP growth and in emerging markets we would like to keep up with insurance premium growth.
What this plan does, of course, is end private insurance payments for the American people, so instead of making a private insurance premium payment, you're now going to make a Medicare premium payment. And what all of the studies indicate is that payment under a Medicare-for-all single-payer system will be significantly less than what middle class families today are paying for health insurance.
Translations for insurance premium
From our Multilingual Translation Dictionary
- prima de seguroSpanish
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"insurance premium." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/insurance+premium>.
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