What does total premium mean in insurance?
Total Premium means the Single Premium or the sum of all Limited Premiums/Regular Premiums paid till date, as applicable, excluding any Extra Premium, and GST and cess, if any.
What does a total premium mean?
Total Premium means the Single Premium or the sum of all Limited Premiums/Regular Premiums paid till date, as applicable, excluding any Extra Premium, and GST and cess, if any.
What does premium mean on a car?
Your car insurance premium is the amount you pay — either every month, every six months or annually — for car insurance coverage. Your insurance premium will vary in cost, depending on your insurance provider, the type of coverage you choose, your car insurance deductible and several other factors.
Is the total premium that a policyholder pays?
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company.
What is a total premium in insurance?
An insurance premium equates to the money that is paid by any person or company/business for availing of an insurance policy. The insurance premium amount is influenced by multiple factors and varies from one payee to another.
Is the total premium that a policy holder pays?
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company.
What does premium mean on a policy?
What Is an Insurance Premium? An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company.
What does total premium mean in insurance?
Total Premium means the Single Premium or the sum of all Limited Premiums/Regular Premiums paid till date, as applicable, excluding any Extra Premium, and GST and cess, if any.
Is the total premium that a policyholder pays?
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company.
What does total return premium mean?
Return Premium — the amount due the insured if the actual cost of a policy is less than what the insured has previously paid—for example, if the limits are reduced, the estimated exposure at inception is greater than the audited exposure, or the policy is canceled.
What does premium mean in general?
A premium is the amount you pay an insurer for insurance cover. It reflects what the insurer believes is the likelihood you will make a claim. It also includes an insurer's business costs, and may also reflect the benefits of any discounts or bonuses the insurer may offer to you.
What type of car is considered a premium car?
Premium cars are typically four-door saloon rides or larger. hat sets them aside from the luxury cars is the features and trim level. Although premium cars use high-quality materials and features, they are not the best of the best. Those that are will feature in luxury cars.
What does premium mean in insurance?
An insurance premium equates to the money that is paid by any person or company/business for availing of an insurance policy. The insurance premium amount is influenced by multiple factors and varies from one payee to another.
Is the total premium that a policy holder pays?
An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company.
What does total premium mean in insurance?
Total Premium means the Single Premium or the sum of all Limited Premiums/Regular Premiums paid till date, as applicable, excluding any Extra Premium, and GST and cess, if any.
What is total premium amount?
Total Premium Amount means the premium price per unit of the Underlying Securities multiplied by the total quantity of Underlying Securities subject to an Option.
What is premium paid in life insurance?
Simply put, “premium” means a payment. It's the amount of money you pay your life insurance company in exchange for your coverage. The payout itself (called a death benefit) is the amount of money the life insurance company would pay your beneficiaries if you, the policy owner, died while covered by the policy.