Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
premium rate
Insurance. The price per unit of life insurance. ( It is usu. expressed as a cost per thousands of dollars of coverage. Life insurers use three factors - the interest factor, the mortality factor, and the risk factor - to calculate premium rates. - Sometimes shortened to rate. See INTEREST FACTOR; MORTALITY FACTOR; RISK FACTOR. premium stock See STOCK.