Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!


policy premium


Definitions from the Web

Term: Policy Premium

Part of Speech: Noun

Sense 1: The amount of money paid by an individual or organization to an insurance company for insurance coverage.

Example Sentence 1: Alex calculated that his annual policy premium for car insurance would be $1200.

Example Sentence 2: The policy premium for the comprehensive health insurance plan increased by 10% this year.

Sense 2: The total sum of money that needs to be paid to keep an insurance policy active.

Example Sentence 1: To maintain his life insurance policy, Mark ensures he pays the policy premium on time every month.

Example Sentence 2: Failure to pay the policy premium within 30 days of the due date may lead to the cancellation of the insurance coverage.

Sense 3: The amount of money charged by an insurance broker or agent for their services in facilitating the insurance process.

Example Sentence 1: The policy premium for the homeowner's insurance included a small fee as commission for the insurance agent.

Example Sentence 2: When purchasing a policy through a broker, it is important to understand the breakdown of the policy premium and any additional charges.

Sense 4: The annual fee paid by a member of an association or organization to maintain their membership.

Example Sentence 1: The policy premium for being a member of the country club increased this year, but it included additional benefits.

Example Sentence 2: Students are given the option to pay their student association policy premium at the beginning of each semester.

Related Products on Amazon:

policy-seekers policy-wise policy policy change policy governance policy holder policy holder name policy maker policy premium policy primium policy review policy s policyholder policyholder s policyholders policyholders policymakers

Sponsored (shop thru our affiliate link to help maintain this site):

Home | Free dictionary software | Copyright notice | Contact us | Network & desktop search | Search My Network | LAN Find | Reminder software | Software downloads | WordNet dictionary | Automotive thesaurus