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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