Definitions for "Gross Premium"
Related Terms:
Net premium, Net cost, Cost of insurance, Loading, Deposit premium, Unearned premium reserve, Short rate, Unearned premiums, Short rate cancellation, Expense constant, Basic premium, Net amount at risk, Bonus, Surrender charges, Earned premium, Lapse rate, Mortality charge, Policy proceeds, Minimum premium, Return premium, Premium discount, Annual premium, Surrender charge, Pro rata, Return of premium, Surrender value, Pure premium, Paid up policy, Overhead expense insurance, Cash value, Benefit amount, Universal life, Cash surrender value, Pro rata cancellation, Initial premium, Unearned premium, Universal life insurance, Life insurance in force, Paid-up additions, Reduced paid-up insurance, Policy fee, Sum insured, Premiums, Premium mode, Modified endowment contract, Sum assured, Participating insurance, Cost-of-living rider, Target premium, Additional premium
The premium paid by the policyholder.
Actual premium paid by the policyholder before any tax relief or discount is taken into account.
This is the premium paid by the policyowner.
The amount of money an insurer actually charges for an insurance policy. The gross premium is equal to the policy's net premium plus the loading. Contrast with net premium. See also loading.
Normally refers to that premium payable by the Insured, that is, without deduction of intermediaries commission.
The entire premium charged by an insurer to a policyholder, including all of the insurer's expenses, estimated loss costs, and profits.
The net premium plus a loading factor.
In insurance, the net premium (risk factor), plus the expense of operation (loading), less the interest factor (credit); the premium for participating life insurance shown in the rate book. The total amount of premium paid by the policyowner. (For contrast, see: net premium.)
The amount that policyowners actually pay for their insurance. The gross premium equals the net premium plus the loading.
In company language, the written premim before deducting any premium paid for reinsurance and, in some cases, before paying any return premium.
The full amount of premium, ignoring taxes or deductions.
The premium for participating Life Insurance. If an insured elects to use his dividends to pay premiums, this becomes the net premium when dividends are subtracted from it. Contrast with Net Premium.
The premium paid by policyowners. It includes the mortality factor, the interest factor, and the expense factor. The gross premium may be reduced by cash dividends.
The total premium before deduction of brokerage or discounts.
a term normally applied to gross written premiums before deduction of brokerage fees or commission and expenses.
Direct premiums plus assumed premiums.
is a premium received from policyholder.
The total premium collected on a case, including Acquisition expenses.
The total premium paid by the policy- owner, it generally consists of the net premium plus the expense of operation minus interest.
The net premium plus operating expenses, commissions and other expenses.
Insurance premium paid by the policyholder.
The full, contracted premium amount before any dividend amount is subtracted.
Total amount paid by insured.