premia and discount are the adjustment made to the base value in order to reach a final valuation
The population of Premia is 614.
In life insurance, discount is allowed on more of premium i.e. quarterly, half yearly or yearly payment of premia. Similiarly, in health insurance, when a person covers his sopuse, dependent children or parents, he/she is entitled to a family discount.
The area of Premia is 88.7 square kilometers.
Vanuatu Premia Divisen was created in 1994.
If both husband and wife are covered in health insurance policy, then they are entitled to a family discount the quantum of which vary from company to company and is deducted from the total premia amount.
The status report of a policy shows how much premia has been paid, bonus earned, any premia outstanding etc. in details on a particular date.
The plural of premium is premiums or premia.
Obviously they can insure their employees at reduced premia compared with premia taken from the general public.It all depends on the policies in question of the Insurance Company and is not obligatory.
From your question it's presumed,,that either you are minor having no income of your own or you are the nominee of the policy on whose behalf the premia was being paid by the so called person. Well, if Premia waiver benefit has already been opted, then you need not to pay premia for the rest of the tenture. Or, the death benefit will accrue on you for being nominee of the policy.
The premia for Keyman insurance policy is borne by the Employer of the company where the keyman os posted. The salient feature of this policy the employer can seek benefit from income tax authority for such payment of insurance premia.
By paying your renewal premia, your life insurance is automatically renewed. When a policy lapses due to non payment of premia, there is provision for renewal of policy by paying penal interest and by submitting 'Declaration of Good Health' form.
Your question is unclear because there are various types of insurance statements. For an insurer, the monthly statements denote the premia received and claims paid, where for the insured it specifies upto date premia paid, FUP if any in brief the present status of the policy in question.