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Assessable Insurance
(redirected from Stipulated Premium)

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Assessable Insurance
An insurance policy in which a premium is paid up front, but in which the insurer reserves the right to require another premium to be paid if losses resulting from claims exceed the amount the policyholder contributed in the initial premium. This is also called natural premium or stipulated premium insurance.


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Market share of total stipulated premium QBE 19% Vardar 21% Euroins 6% SavaTabak 16% Sigma 4% Eurolink 9% Insig 3% Sigal 5% Insurance Policy 9% Albsig 5% Croatia 1% Grawe 2% Note: Table made from pie chart.
If a stipulated premium is paid within a specified time period, the premium and the death benefit are guaranteed even if the insured lives beyond age 100.
Like Sun Survivorship UL, a number of riders can be used to tailor coverage, including Waiver of Monthly Deductions or Waiver of Stipulated Premium.
 
 
 
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