The phrase
"premium amount" refers to the specific sum of money that needs to be paid for an insurance policy or a subscription. It is the cost you have to pay in order to obtain the specific service or coverage.
Full definition
Some forms included the monthly
premium amount of the second lowest cost Silver plan for 2015 instead of 2014.
Other Important extension covers are also available basis additional
premium amount paid as per plan.
Guaranteed Pension
premium amount indicates the minimum premium or maximum premium one can pay towards their insurance plan.
Payment of previous insurance
premium amount in full to avoid instalment fees or interest is a factor to get best rates.
You want to evaluate all of these items instead of simply making a decision based
on premium amounts because these things combined are what comprise the true value of a policy.
So, on choosing add - on covers, you need to pay higher
premium amount as the coverage for the policy is also increased.
In simple terms, the
insurance premium amount for a 1000 CC engine vehicle would be lesser than that of a vehicle with 1500 CC engine.
To start out with the
lowest premium amount for coverage, compare a few policies to find the most affordable one.
Also you must take into account the tax benefit of up to Rs 15,000 (Rs 20,000 for senior citizens) you get on the
annual premium amount on the health insurance policy.
Since teen drivers typically have less auto driving experience than those older than them, providers often offer the teens
higher premium amounts because of the increased risk for accidents.
However you can still save
premium amount by comparing car insurance premiums from multiple insurance companies.
There is also a discount available on the total
premium amount if the insured chooses to pay his premiums annually.
This type of life insurance allows for a consistent, never
changing premium amount in addition to coverage that will never decrease in amount.
Grace period: If the insured fails to pay his
monthly premium amount on the due date then he is allowed a 15 days grace period for payment of his premiums.
You can take the Policy for a continuous period of two years and get a 5 % discount on the
total premium amount of 2 years.
Pay or transfer a
single premium amount from other financial institutions and receive regular income payments — for you and your spouse, if you choose.
So the company reduces that costs from the customer's
premium amount which makes the term plan economical and cheaper for customers.
Since life insurance is less expensive the younger you are, we recommend you start contributions at an affordable
reduced premium amount while waiting to gain access to your qualified plan assets.
It is designed to provide a set
premium amount based on the agreed upon coverage and this rate rises after the first few years (5 - 10).
The base
premium amount remains constant during the entire duration of the policy and only the tax component can change and will be as per the prevalent Tax laws.
These plans on maturity would pay you back the
entire premium amounts paid till the end of policy, provided the insured sees the term through.
A higher coverage amount will require your insurance company to pay extra so they demand more
premium amount from you.
: The total
premium amount due on an annual basis to meet the contractual requirements of a policy and to keep it in force.
One has to be capable of paying the
decided premium amount at required frequency and this will insure his life.
The regular
premium amount payable is calculated based on the type of plan, the sum assured, and the age of the life assured.
Therefore, once insured locks in, he or she could essentially pay the
same premium amount for life.
If your record is clean with no accidents or other offenses, providers will be much more likely to offer you lower
premium amounts because you are considered a safe driver.
This plan provide various discount options like less
premium amount depending on premium payment frequency, in case female life insured and off course for higher sum assured value.
So the policyholder should choose the company that provides the return of the entire
policy premium amount that is paid by the policyholder under the tenure of the term insurance plan.
While offering the protection you need, these companies require you to pay
lesser premium amounts, also reducing the policy fees for the combined protection.
Silver, Gold, and Platinum plans provide different benefits and
premium amount also differ in the plans, so one need to choose the plan wisely.
My Life
Plus premium amount indicates the minimum premium or maximum premium one can pay towards their insurance plan.
As a put writer, the profit you can earn is limited to the put
premium amount received but the loss you can face is unlimited.
*
Above premium amounts may vary as per the premium paying frequencies options and underwriting rules applicable.
These policies provide affordable life insurance protection, along with a guaranteed
level premium amount during this initial term period.
You can buy a term life insurance policy in high amounts for a
smaller premium amount compared to permanent life insurance policies.
The main drawback of option B is the combination of a lower starting death benefit and a higher
initial premium amount.
Phrases with «premium amount»