Definition of «regular premium»

The term "regular premium" refers to a type of insurance policy where the policyholder pays their premiums at regular intervals, usually on an annual or monthly basis. This means that the individual makes consistent payments throughout the duration of the policy in order to maintain coverage. In contrast, some policies may require only one large payment upfront (single premium) or allow for varying payment amounts over time (flexible premiums). The term "regular" indicates a predictable and steady pattern of payment that is typical of this type of insurance product.

Sentences with «regular premium»

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