Definition of «interest benefit»

The term "interest benefit" refers to a payment made by an insurance company to a policyholder as compensation for the use of their money. It is essentially the interest earned on the premiums paid by the policyholder before they filed a claim. This amount is typically included in the payout when a claim is made and can help offset some of the costs associated with the loss or damage covered by the insurance policy.

Sentences with «interest benefit»

One of the most interesting benefits is the free broker - assisted trading. (bestratesin.com)
In the short - term, employer - interests benefit from maximizing their leverage over low - skill workers. (firstthings.com)
There are other, arguably more interesting benefits that come from the Visual Core Chip coming alive, too. (mobilesyrup.com)
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