Quick Answer: What Does Premium Mean In English?

What is meant by premium offer?

What is Premium Offer.

Traditionally premium offer is defined as a sales promotion technique where the customers are given two or more products and they pay lower than the price of the combined products..

What is the difference between premium and deductible?

A premium is the amount of money charged by your insurance company for the plan you’ve chosen. … A deductible is a set amount you have to pay every year toward your medical bills before your insurance company starts paying. It varies by plan and some plans don’t have a deductible. Your plan has a $1,000 deductible.

What is the premium rate?

n. 1. ( Commerce) an amount paid in addition to a standard rate, price, wage, etc; bonus. 2. ( Insurance) the amount paid or payable, usually in regular instalments, for an insurance policy.

What’s another word for premium?

In this page you can discover 40 synonyms, antonyms, idiomatic expressions, and related words for premium, like: prime, superior, bonus, prize, reward, award, bounty, something extra, added, dividend and remuneration.

What’s the difference between premium and luxury?

Luxury is for those who want to be feel like they are ‘the one’. Premium brands’ target customers are those who can push themselves to pay higher than what they pay for a average product.

What is top quality?

Top-quality definitions. Filters. Of the highest quality; extremely good. adjective.

Is it better to pay a higher deductible?

In most cases, the higher a plan’s deductible, the lower the premium. When you’re willing to pay more up front when you need care, you save on what you pay each month. The lower a plan’s deductible, the higher the premium.

What is a premium fee?

Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk. … For taking this risk, the insurer charges an amount called the premium. The premium is a function of a number of variables like age, type of employment, medical conditions, etc.

Who are premium customers?

A premium customer usually has a high spending budget and puts the quality of the product or service ahead of anything else. He or she may be attracted by a specific feature of the product or service that cannot be found in other businesses. … Premium customers can have a huge influence on the marketing of the product.

What does premium mean?

The definition of premium is something or someone of greater or superior quality. An example of premium used as an adjective is the phrase premium gasoline which means a gasoline with a higher octane rating.

What is a premium service?

Premium Services means any enhanced or improved product or service offered by a telecommunications service provider that is not functionally required for the provision of basic local exchange or interexchange service and that the customer may purchase at his or her option.

Is Apple a luxury brand?

Apple is a premium brand, which costs slightly more than some mass market brands, but the difference is not so much to make a class difference. … It is a “luxury” brand because people are willing to pay a premium for the products. In the US, “middle-class people” are the model consumers of “luxury” products.

What is considered a premium brand?

Premium and luxury brands are brand systems characterized by performance leadership in their segment and by an outstanding, product-specific basic and additional benefit. Premium und luxury brands can assert higher prices for their products and services than brands with similar tangible functions.

Should I pay more for a lower deductible?

Health insurance plans with lower deductibles offer patients more predictable costs and often more generous coverage, but their higher premiums can be hard to fit into a monthly budget. Whether you choose a plan with a low or high deductible, don’t do so at the expense of your health.

Is guess a luxury brand?

This company is always coming up with the best of the top trending clothing and sweeps the trend lovers off the feet. However, it has always been a luxury brand and often see the wardrobes of only rich and famous people. Guess is the among the top fashion brands which was founded in USA.

What’s a word for high quality?

What is another word for high-quality?excellentfinepremiumprimegoodsuperbsuperiorchoiceexceptionalgreat230 more rows

What is another word for classy?

In this page you can discover 29 synonyms, antonyms, idiomatic expressions, and related words for classy, like: elegant, stylish, inelegant, mod, swish, chic, fashionable, posh, slick, tony and unstylish.

Is it good to have a $0 deductible?

Yes, a zero-deductible plan means that you do not have to meet a minimum balance before the health insurance company will contribute to your health care expenses. Zero-deductible plans typically come with higher premiums, whereas high-deductible plans come with lower monthly premiums.