Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk.
Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium. The premium is a function of a number of variables like age, type of employment, medical conditions, etc. The actuaries are entrusted with the responsibility of ascertaining the correct premium of an insured. The premium paying frequency can be different. It can be paid in monthly, quarterly, semiannually, annually or in a single premium.
Also See: Life Assured, Non-Standard Life, Premium Paying Term, Adverse Selection, Subrogation, Paid-Up Policy, Mitigation
Stanley Lifestyles lists at 34% premiumThe IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.
Stanley Lifestyles shares jump nearly 30% in debut tradeShares of luxury furniture brand Stanley Lifestyles Ltd ended with a premium of nearly 30% on Friday, against the issue price of Rs 369. The stock started the trade at Rs 499, reflecting a jump of 35.23 per cent on the BSE.
Dindigul Farm Product shares list at 90% premium on BSE SME platformDindigul Farm Product's successful IPO debut and premium listing showcased strong investor interest, with revenues reaching Rs 68.74 crore by December 2023, managed by Beeline Capital Advisors and Link Intime India.
Winny Immigration stock debuts with 71% premium on NSE SME platformWinny Immigration's successful NSE SME platform debut with a premium reflects investor confidence, supported by strong financial performance and a focus on enhancing global mobility through visa consultancy services.
Indian financiers’ debt lures buyers on widest spread since 2020Investors are wary of funding strains affecting the rapid economic growth in India, despite enticing opportunities in shadow lender bonds. The concern lies in the widening spreads and the potential hurdles that could impede the country's impressive growth trajectory.
Rise in value-seeking customers, key FMCG sectors face tampering of growth: ReportThe report highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good performance for the aviation and hotel industries in FY2024-25, it added.
Boeing offers to buy 737 supplier Spirit Aero for $35 per share: ReportBoeing has offered to acquire Spirit AeroSystems Holdings in a deal funded mostly by stock that values its key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter. This offer represents a premium of nearly 6% over Spirit's stock closing price of $33.07 on Monday and a 22.4% upside to its closing price on Feb. 29, the day before Boeing's takeover talks became public.