As premium (v. lat. praemium = advantage, portion, profit) one calls one honor or acknowledgment granted additional achievement, and/or contributions to insurance.

In the following the word premium within the individual ranges, within which it is common, is explained more exactly.

In the personnel management

In the personnel management premiums are expenditure-praised additionally to wages as financial achievement of the employer. So an employee can be recompenced for its seniority of many years with a long service bonus. The is the acknowledgment of a special achievement going beyond the normal work requirements.

The premium wage is a regular payment, it contains a basic remuneration and a achievement-referred auxiliary remuneration. The grant of premiums is a economical-social control element.

In the banking

In the bank nature the premium a money paid with certain plant forms (saving with benefit of premiums) to the interest charges is additional.

At the stock exchange

At the stock exchange the buyer (creditor) must pay with conclusion of a contract the salesman (emitter) a premium to an option, in order to be able to exercise its rights.

In marketing

In marketing (free) the addition of a product added for sales promotion is likewise called premium.

In Lotterien and profit plays

Lotterien and profit plays pay as incentive, additionally to the regular chances of winning, profit premiums in special drawings or premium drawings.

In insurance

In insurance the insurance premium is the payment of dues of an insured one for a certain insurance protection.

In the sport

In the sport one calls a certain sum of money or also a special price, which is disbursed by the organizer as Belonung for the profit of a competition In addition, usually for worse placements premiums are disbursed, which are however not as much worth as the victory premium. For several final positions with a competition if premiums are disbursed, the sums which can be won are individually fixed according to a pattern specified by the organizer for each position.

In addition, premiums in sporty regard can be paid off by a team to sine players and/or drivers or other team members around the work, which was applied for a success, to appreciate.

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