Glossary - Assurance Premiums

Assurance Premiums are Insurance Cover Payments.
Assurance Premium is an amount that is paid to an insurer for policies that protect people, families and possessions.
The type of cover, length of term and risk involved all determine the size of the premium.

Example: UK Insurance
When comparing and searching for insurance, you should consider the product and the premium you will have to pay for it. Consider the cover it offers you and whether it is the right type at the right price for your budget. Premiums will differ from insurer to insurer so it is worth shopping around. The internet can save you time and leg work. Savings could be made if the consumer goes through the items to be insured.

Useful Tip
Always pay premiums on time to avoid your insurance becoming void. If paying by installments and a claim is made, the installments that are remaining for the year will become due.

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