single premium

English - Turkish

Definition of single premium in English Turkish dictionary

tek prim

Related Terms

assurance by single premium

(Ticaret) tek primli sigorta

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

Hyphenation

sin·gle pre·mi·um

Turkish pronunciation

sînggıl primiım

Pronunciation

/ˈsəɴɢgəl ˈprēmēəm/ /ˈsɪŋɡəl ˈpriːmiːəm/