Fixed premium

Fixed premium

Payments of a fixed or equal amount paid to an insurance company for insurance or an annuity.

Fixed Premium

A payment for an insurance policy or annuity that does not change over the life of the policy or annuity. Fixed premiums have fewer risks for the policyholder or annuitant, and are very common. See also: Variable premium.
References in periodicals archive ?
It also operates Eagle Ocean Marine (EOM) - the American Club's leading fixed premium P&I facility.
Feed-in premiums combine the described approaches by paying a fixed premium on top of the wholesale electricity price to renewable energy producers.
Johannes Kumedjro said that the price of cocoa on the world market which is $2000.00 a tonne would be increased to $2,400.00 per metric tonne at the point of export or Free on Board (FOB), a 20% increase which currently 'is the highest fixed premium of any certification scheme.'
for this purpose, a fixed premium is agreed on the respectively valid purchase price from the group contract microsoft ea of the bmi.
Often this is for a fixed sum at a fixed premium. But if the mortgage has been paid off or your dependants have flown the nest and you're in good health, could you reduce the cover to better suit your current situation and reduce your outgoings at the same time?
For example, you have to pay a fixed premium for your UAE car insurance each month.
In practical terms, self-insured employers pay for each out-of-pocket claim as it is incurred instead of paying a fixed premium to an insurance carrier.
The banks will now offer customers a new type of home insurance policy that has a fixed premium price for three years.
The Speaker of the HPR also pointed to the "difficult" working conditions of MPs, saying a decision was taken to assign them a fixed premium.
In addition to mutual delay cover, it also offers war and loss of earnings cover on a fixed premium basis.
Security Mutual Life Fixed Premium All states except
For instance, the Baroda Health Policy has no sublimit (on room rent, doctor's fee and so on), no co-payment (high risk plans often have insurers and customers sharing treatment costs), a fixed premium for up to 65 years and a 25% increase in premium after 65.