insurance premium


The periodic payment made on an insurance policy. also called premium.

Use insurance premium in a sentence

They had to pay their insurance premium and everything was going very good and things were looking great for everyone.

​ Was this Helpful? YES  NO 8 people found this helpful.

The insurance premium related to the Group Health Insurance plan sponsored by the company have increased markedly in recent years.

​ Was this Helpful? YES  NO 11 people found this helpful.

Since the insurance premium paid must be high enough to cover the insurer's costs plus profit, it's generally a bit higher than the average case of bearing the insured risk oneself; however, insurance is about the unlucky cases, not the average case.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
deferral life expectancy