Insurance premium


 

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Insurance premium

The amount payable by the insured in return for indemnification against specified risks.

Insurance premium

Payments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy.



Insurance premium

Similar Matches

Contract of insurance

Contract of insurance

A contract between an insurer and the insured. The insurer agrees to pay money to the insured upon the occasion of given events in return for a single premium or regular premiums.


Deposit insurance

Deposit insurance

In the US, financial protection of certain bank and credit union accounts by way of insurance provided by a federal agency. Bank insurance up to specified limits is provided for funds on deposit in member banks by the Federal Deposit Insurance Corporation. Credit unions which are federally chartered are insured by the National Credit Union Administration.


Participating life insurance

Participating life insurance

Life insurance which pays bonuses to policyholders based on the company's investment performance. The policyholder can sometimes choose whether to take the dividend in the form of cash, reinvest in the policy or pay a reduced premium.


Multiple peril insurance

Multiple peril insurance

insurance policy which covers a wide variety of property damage.


Buildings insurance

Buildings insurance

Buildings insurance is designed to give you financial protection for the basic structure of your home, such as the walls, roof and foundations. This usually includes any external parts of the property such as your shed, garage, conservatory or greenhouse.


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Reinsurance


 
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