Quantity discount

{
  "id": "MLC-T-INS-002778",
  "term": "Quantity discount",
  "field": "Insurance and risk management",
  "definition": "A reduction in the premium rate offered by an insurer when a policyholder purchases a larger volume of insurance coverage or multiple policies. This discount reflects the administrative efficiencies gained by the insurer when handling larger accounts. It is often applied to commercial policies covering multiple locations or a large fleet of vehicles.",
  "url": "https://mlchart.com/terminology/insurance/quantity-discount/"
}