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What is another word for gross premium?

Pronunciation: [ɡɹˈə͡ʊs pɹˈiːmi͡əm] (IPA)

Gross premium is a term commonly used in the insurance industry to refer to the total amount of money a policyholder pays for an insurance policy before any deductions for expenses or commissions. Synonymous terms for gross premium include "total premium", "full premium" or "base premium". These terms all represent the initial amount paid by the insured to secure coverage, regardless of any additional costs or fees. It is important for policyholders to understand the meaning of these synonyms as they navigate the insurance landscape and select the best coverage option for their needs.
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What are the opposite words for gross premium?

The term gross premium refers to the total amount of money that an insurer charges for an insurance policy before any deductions or expenses are taken into account. The antonym for gross premium can be understood as net premium. The net premium is the amount of money that remains after the insurer has deducted any expenses, commissions, or other costs. In other words, the net premium is the actual amount of money that an insurer receives as revenue from the policy. While gross premium represents the face value of the insurance policy, the net premium represents the actual value of the policy that the insurer will receive as a result of the policy.

What are the antonyms for Gross premium?

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