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Glossary > S > "Single Premium Costed" Definition

Single Premium Costed

A method of cost calculation used for group insurance schemes with a small number of members (typically less than 20). The overall premium is based on the costs calculated in detail for each member and based on age, sex and other factors.

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Single Premium Costed - A method of cost calculation used for group insurance schemes with a small number of members (typically less than 20). The overall premium is based on the costs calculated in detail for each member and based on age, sex and other factors.

Single Premium Costed : a method of cost calculation used for group insurance schemes with a small number of members (typically less than 20). the overall premium is based on the costs calculated in detail for each member and based on age, sex and other factors.