Precede

This article is one outline to supplement concerningeconomy, you can share your knowledge by modifying it.

The premium is the price which the policy-holder must pay to be able to profit from the cover of insurance in the event of disaster. The premium is composed of three parts: the part risks, the expenses part and the benefit part. The premium is in theory due for one period of whole insurance (12 months), even if other modes of payment, p. ex. monthly payment, single premium, are possible.

Rough premium = clear premium plus loadings for expenses

Rough premium less premium at the costs

source: http://www.vbv.CHlexikon/ (to choose the language)