They don't. The maximum charge for a '090' premium-rate number in the UK is £2.55 per minute, which is 4¼p per second. 20p per second would be £12 per minute.
Premium rate numbers - are any numbers charged at a higher rate than a 'normal' number. For example - in the UK, premium numbers start with 07, 08 or 09. The company that the number belongs to - usually gets a percentage of the higher charge, with the rest going to the phone company.
Premium Rate Number is a usual telecommunication name for international voice numbers which are used from customers to charge customers of their own for certain various services. Most of the premium rate services customers charge their subscribers for content (TV, Radio, Newspapers) or other on-line services across the world. source: http://www.premiumskytel.com/faq
In Pro Rate cancellation , the insurer will not charge a penalty premium and the return premium is the premium for the unexpired term of the policy.While in Short Rate cancellation , the insurer charge for a penalty premium as the cancellation is due to insured request . The Insurer keeps a percentage of earned premium to cover its costs.
The reason why 900 numbers are considered a premium rate number, because they are very rare and cost a lot of money. They also are better than 800 numbers.
Premium-rate numbers in most countries are intended for domestic use only. It is very difficult and complicated to work out the billing details to permit international calls to national premium numbers.
A 'premium rate' number - is one that's charged at a (often much) higher rate than normal. A 'normal' number in the UK is only charged at a few pence per minute - premuim rate n umbers can cost 150 pence per minute or more ! A proportion of the cost of the higher charge goes to the service provider (in addition to BT taking their 'cut').
50 pence premium rate plus 12 p call charge
900 lines are premium rate telephone numbers which charge far in excess what you would expect normally to pay to make a phone number. Part of the call charge is paid to a business provider, so the business is funded by phone calls made.
I need your question too be a little more in depth. Are you asking how insurance companies come up with the rate they charge.
http://www.oanda.com/convert/classic NOTE: Remember that banks will charge you a premium of about 3% on this rate when you change the currency.
In the UK, premium telephone numbers usually start with the digits 09, for example 0909 123 4567. The subset of numbers beginning 098 is reserved specifically for adult chat and dating services.There are also other numbers beginning with 08 that are charged at higher than normal rates in most cases, particularly 0871, 0872 and 0873.The complete list of premium numbers where revenue may be shared between the phone company and the company being called is:09xx xxx xxxxPremium rate numbers charged at up to £1.53 per minute or per call by BT, or more by some other operators.0871 xxx xxxx0872 xxx xxxx0873 xxx xxxxSpecial rate numbers charged at typically 10p/minute from a BT landline, or higher from other operators. Though charged at a lower rate than 09 numbers, they are now subject to similar regulation.084x xxx xxxxSpecial rate numbers at a lower rate. Can be cheaper than normal phone calls using certain operators at certain times of day, but generally charge a premium compared with standard landline calls.
The charge is set by the telephone company you use to make the call. Check their price lists. It is likely to be a much higher fee than when calling other numbers as this is a premium (small p) rate service.