What is called premium?
Broadly speaking, a premium is a price paid for above and beyond some basic or intrinsic value. Relatedly, it is the price paid for protection from a loss, hazard, or harm (e.g., insurance or options contracts). The word "premium" is derived from the Latin praemium, where it meant "reward" or "prize."
What is meaning of assurance in kannada?
Assurance : ಭರವಸೆ noun : ಭರವಸೆ Details : ಭರವಸೆ ಕೊಡುವಿಕೆ
What is insurance one word?
Insurance is a legal agreement between two parties – the insurer and the insured, also known as insurance coverage or insurance policy. The insurer provides financial coverage for the losses of the insured that s/he may bear under certain circumstances.
What is an example of a premium?
The definition of premium is something or someone of greater or superior quality. An example of premium used as an adjective is the phrase premium gasoline which means a gasoline with a higher octane rating. A price that is above market prices.
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- insurance premium meaning in kannada
- why is it called insurance premium