What is the meaning of Insurance Premium?

Insurance Premium is the amount you must pay at specified intervals (e. G. Monthly or semi-annually) to the insurance company to guarantee coverage from losses. The premium amount is calculated using various risk factors, which vary according to the type of insurance you are seeking.

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APABarry Goldsmith. (2010). insurance premium. Retrieved September 29, 2026, from http://smartdefine.org/insurance_premium/definitions/1156183
ChicagoBarry Goldsmith. 2010. "insurance premium" http://smartdefine.org/insurance_premium/definitions/1156183 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, insurance premium, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/insurance_premium/definitions/1156183>.
MLABarry Goldsmith. "insurance premium" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/insurance_premium/definitions/1156183>
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