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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebInsurance PremiumDescription:An insurance premium refers to the amount of money an individual or organization pays to an insurance company in exchange for coverage and protection against specified risks. It is a regular payment that policyholders make, usually on a monthly or annual basis, to maintain their insurance policy. Sample Sentences:Noun: I need to pay my insurance premium by the end of the month to keep my car insured. Noun: The insurance premium for my health coverage has increased this year due to changes in the healthcare industry. Noun: Many factors influence the cost of an insurance premium, including the individual's age, driving record, and the type of coverage desired. Adjective: John chose a comprehensive insurance policy with a high premium to ensure that he would be protected in case of any accidents. Possible Related Products: | ||||
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