Gross premium

Term · Insurance and risk management · MLC-T-INS-001666

The total premium charged to an insured for an insurance policy, encompassing the net premium (which covers expected losses and loss adjustment expenses) plus loadings for expenses, profit, and contingencies. This is the amount the policyholder pays to the insurer. It reflects the full cost of the insurance coverage before any discounts or dividends are applied.

Table 1. Record
Identifier	MLC-T-INS-001666
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001666",
  "term": "Gross premium",
  "field": "Insurance and risk management",
  "definition": "The total premium charged to an insured for an insurance policy, encompassing the net premium (which covers expected losses and loss adjustment expenses) plus loadings for expenses, profit, and contingencies. This is the amount the policyholder pays to the insurer. It reflects the full cost of the insurance coverage before any discounts or dividends are applied.",
  "url": "https://mlchart.com/terminology/insurance/gross-premium/"
}

Record 1,567 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.