What is the correct plural of premium?
(priːmiəm ) Word forms: plural premiums.
Is premiums singular or plural?
The plural of the premium is premiums.
Is premia a plural of premium?
The plural form of premium is premiums or premia. Most insurance companies will discount premiums for students with good grades.
What is the noun for premium?
premium. A prize or award. Something offered at a reduced price as an inducement to buy something else. A bonus paid in addition to normal payments.
What is a premium insurance?
The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to lower your costs with a premium tax credit.
What are the different types of premium?
Modes of paying insurance premiums:
- Lump sum: Pay the total amount before the insurance coverage starts.
- Monthly: Monthly premiums are paid monthly.
- Quarterly: Quarterly premiums are paid quarterly (4 times a year).
- Semi-annually: These premiums are paid twice a year and are way cheaper than monthly premiums.
What is the premium in insurance?
Does premium mean expensive?
Word forms: premiums A premium is a sum of money that you have to pay for something in addition to the normal cost. Even if customers want “solutions,” most are not willing to pay a premium for them. Premium products are of a higher than usual quality and are often expensive.
What are premia?
Risk premia refers to the amount by which the return of a risky asset is expected to outperform the known return on a risk-free asset. Risk premia also exist in asset classes outside of equities, although academic research into the source of the premia tends to be less robust.
What is the plural of syllabus?
Syllabus (plural syllabi or syllabuses)
How do you use the word premium?
having or reflecting superior quality or value.
- Electricity companies pay a premium for renewable energy.
- Your first premium is now due.
- Consumers are prepared to pay a premium for organically grown vegetables.
- We’re willing to pay a premium for the best location.
- The company places a high premium on customer loyalty.
Why is insurance called premium?
Understanding a Premium 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 the plural of the word premium?
The plural form of premium is premiums or premia . Find more words! The challenges of rising health care costs and Medicare premiums will not suddenly abate. Most insurance companies will discount premiums for students with good grades.
What does “premium” mean?
Premium is also the price of a bond or other security above its issuance price or intrinsic value. A bond might trade at a premium because its interest rate is higher than the current market interest rates.
What is the plural of premium economy?
The noun premium economy is uncountable. The plural form of premium economy is also premium economy.
What is the plural of Premium Bond?
Premium Bond (plural Premium Bonds) (Britain, finance) A method of financial investment available to British citizens where, instead of interest payments, investors have the chance to win tax-free prizes, or get their money back.