Renewal Premium,
What Does Renewal Premium Mean?
When the policy is extended, there is a premium on the renewal premium policy. When the insured pays the insurer with the intention of retaining the benefits of the insurance contract after the termination of the coverage or change of the terms of the insurance contract, such as: renewal time.
Literal Meanings of Renewal Premium
Renewal:
Meanings of Renewal:
Instruction to resume activity or condition after intervention.
Sentences of Renewal
Resumption of hostilities
Synonyms of Renewal
recommencement, resumption
Premium:
Meanings of Premium:
Amount paid for the insurance policy.
Sentences of Premium
Consumers are reluctant to pay more for organic fruits
Synonyms of Premium
extra, extra charge, remuneration, insurance charge, additional fee, insurance payment, bonus, recompense, surcharge, regular payment, perk, instalment, percentage, reward, prize, additional payment, extra amount
Renewal Premium,
What Does Renewal Premium Mean?
Renewal premium is the premium on the policy when the policy is extended. When making a payment to an insurer for the purpose of withholding the benefits of the insurance contract after the termination of insurance coverage or change in the terms of the insurance policy, e.g. Cousin. The insurance company may change the premium after verifying the policyholder's status during the renewal.
Literal Meanings of Renewal Premium
Renewal:
Meanings of Renewal:
It's a matter of picking something up after a failure.
Steps to extend the license, subscription or contract.
Replacement or repair of something.
Sentences of Renewal
The contract is over.
The city needs refresh.
Synonyms of Renewal
re-establishment, continuation, mending, renovation, modernization, rebuilding, improvement, repair, redevelopment, overhauling, reconditioning, regeneration, reconstruction, gentrification, rehabilitation, restoration
Premium:
Meanings of Premium:
Amount payable under the insurance contract.
Price or value added to the general price.
Synonyms of Premium
extra amount/charge, inducement, incentive, bounty, perquisite
