Basic Premium

Basic Premium

The portion of a life insurance premium that a policyholder pays, usually monthly, that compensates the insurer for administrative expenses, commission for the agent who sells the policy, and the likelihood that that policyholder will die in the coming year.
References in periodicals archive ?
Release date- 30072019 - Today, HHS Secretary Alex Azar issued the following statement regarding the Trump Administration's announcement that the average basic premium for Medicare Part D prescription drug plans is projected to drop in 2020, the third straight year to see a decrease: 'President Trump has listened to what American patients and seniors want, and he has promised to protect what works and fix what's broken in American healthcare.
Pricing starts at 119 Indian rupees (INR) per month ($1.68) for a basic premium plan.
76, signed by LTFRB Board members Aileen Lizada and Ronaldo Corpus while LTFRB Chair Martin Delgra was away on leave, also raised basic premium rates.
The basic premium equation is usually used to determine the premium amount, which says
First, the basic premium [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] is calculated by
Other recommendations include a request for NCD to apply only to the basic premium, freedom for insurance companies to change the basic premium rates each year at renewal of policy, NCD on each policy should only apply to the 'named insured' and no other person should be entitled to receive an NCD certificate, NCD should not be transferable to any other person than the 'named insured' without the prior agreement of the insurer.
"We wanted eno's innovative design to benefit as wide a range of users as possible so we developed eno into the ideal fitting for the basic premium segment."
A premium allocation charge is levied on the Basic Premium when received:
With some home work, they can now not just negotiate the basic premium they pay but also use the money thus saved to buy one or more of the several additional covers that have hit the market recently to get a comprehensive coverage.
Although an ROPR comes at added cost, both the basic premium and the cost of the ROPR feature can be reimbursed to beneficiaries by way of the death benefit.
Subsidized premiums will be provided for employees who meet the following qualifications (coverage to all others be at the basic premium rate based on gender and age):
Other than a basic premium, these breeders would have the right to additional aid according to the commitments made in terms of efficiency (training, better use of genetics, sanitary improvements and participation in a producers' organisation, among others).
Full browser ?