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Premiums Meaning in English

word · lemma: premium

ˈpɹimiəmz
PREE-mee-uhmz
pɹˈiːmiəmz
pree-MEE-uhmz

Definition

Amounts of money regularly paid for insurance coverage. 'Premiums' can also refer to additional fees or charges for special services or products.

Usage & Nuances

Commonly used in finance and insurance; 'insurance premiums' is the standard collocation. Can mean higher-than-normal prices in business ('paying a premium'). Often confused with 'bonus' (reward), but 'premium' is about cost or charge.

Example Sentences

I pay my insurance premiums every month.

basic

Car premiums are higher for young drivers.

basic

Some health premiums include dental coverage.

basic

Our premiums went up after we made a claim.

natural

People are willing to pay premiums for organic food these days.

natural

If you miss a payment, your future premiums could increase.

natural