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Waiver of premium |
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Waiver of premiumAn arrangement in life insurance, which, in return for some increase in premium, ensures that policyholders have their premiums paid during periods of absence from work due to illness or accident. There is usually an elimination period (or waiting period), UK deferment period, typically several months, after which the insurers commence payments.Waiver of premiumA provision in an insurance policy that allows payment of insurance premiums to be permanently or temporarily stopped in the event the policyholder becomes incapacitated.Waiver of premium Similar MatchesLife assurance premium reliefLife assurance premium reliefA tax relief of 15% on the premiums paid into long-term insurance policies. Applies only to policies lasting for more than 10 years and issued before March 13, 1984. Risk premiumRisk premium1. The higher expected return (in the sense of mathematical expected value) that an uncertain asset must pay in order for risk averse investors to be willing to hold it. 2. The difference between the interest rate on a risky asset and that on a safe one. 3. In exchange markets the difference between the forward rate and the expected future spot rate. PremiumPremiumIn the context of insurance, a premium is the regular sum you pay to keep your cover in force. Option premiumOption premiumThe option price. Forward premiumForward premiumThe difference between a forward exchange rate and the spot exchange rate, expressed as an annualized percentage return on buying foreign currency spot and selling it forward. Further Suggestionsoption premiumsingle premium life insurance High premium convertible debenture Premium income equity risk premium Premium bond Risk premium approach Conversion premium Term premiums warrant premium Fixed premium Risk premium Tender offer premium premium bonds insurance premium Percentage premium Bond premium Single Premium Deferred Annuity (SPDA) Default premium Call premium Single premium life insurance insurance premium tax Unamortized premiums on investments Insurance premium Forward premium |
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