Base Premium

Base Premium

The premium for an insurance policy that is used to calculate the premium for reinsurance. It is also called the subject premium or the underlying premium.
References in periodicals archive ?
The company's base premium will rise to $483, from $406.
The latter will receive relief from the guarantee fees since the base premium it will have to pay in future in return for the provision of the guarantee facility will in future be 2.
With the move to Symphony Bluelight, we will be able to expand and utilise Address Base Premium to its full potential in both our control and back office environments.
For this reason, my preference for 2002 only was to use the national envelope funding as a straightfor ward top-up to the fixed rate base premium under the Sheep Annual Premium arrangements.
Total quantity or scope: provisional estimate of the base premium 5452 097.
gov site to find what the annual base premium for a benchmark customer would be before underwriting.
We estimate that our average base premium will be $89.
During unfortunate event of death of the life insured, the beneficiaries would receive the highest of sum assured plus guaranteed additions accrued till date of death or 105% of premiums paid or 13 times annual base premium (for a policy term of 20 years).
For example, a young family of four living in Ohio or Arizona or Michigan who chooses a Golden Rule Saver HSA plan with a $5,250 annual family deductible might have a monthly base premium of well under $200.
Bharti AXA Life Secure Savings provides Guaranteed Additions of up to 10% of each year's cumulative base premium paid.
A European Court of Justice ruling early in 2011 said that insurers should not be able to base premiums simply on gender.
493 would make it illegal to request or require genetic testing for enrollment in an insurance plan or to base premiums on genetic testing.