English - Turkish
Definition of single premium in English Turkish dictionary
- tek prim
- assurance by single premium
- (Ticaret) tek primli sigorta
Related Terms
English - English
Definition of single premium in English English dictionary
- A lump sum, one-time-only payment into an annuity Fixed-deferred annuities are usually single premium
- Within the framework of individual insurance, premium paid once and the insurance policy is fully paid up with no further premiums required
- The lump-sum premium payment required to cover the entire cost of a life insurance or annuity contract
- A premium, which provides coverage for more than a year
single premium
Hyphenation
sin·gle pre·mi·umTurkish pronunciation
sînggıl primiımPronunciation
/ˈsəɴɢgəl ˈprēmēəm/ /ˈsɪŋɡəl ˈpriːmiːəm/
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