🔤 Advance Premium ✨

📖

🔊 Play Roman

peshgi bima qist, pehle se di gayi premium, advance insurance qist

🇬🇧

📚noun

advance premium

🗣️

DEFINITION

insurance premium paid ahead, upfront policy fee, advance coverage payment

EXAMPLE SENTENCES

Policyholders who pay their advance premium annually often receive a small discount from insurance companies. The policy becomes active immediately once the initial advance premium is processed by the insurance provider. The company required an advance premium to cover the potential risks associated with shipping international cargo. Failing to submit your advance premium before the due date may result in a temporary coverage suspension. The insurance agent calculated the exact advance premium required for full coverage against flood and property damage.

🔗

prepaid premium upfront payment deposit fee advance rate

⚡

late fee overdue premium back payment arrears