Insurance policy payment (7) Crossword Clue
Answer: PREMIUM (7 letters)
The answer to the crossword clue "Insurance policy payment" with 7 letters is "PREMIUM".Premium refers to the amount of money paid for an insurance policy, typically on a regular basis. It is the cost a policyholder must pay to maintain coverage, and the amount can vary depending on the type of insurance, the coverage level, and other factors such as risk and age.
Why “Premium” Fits
The clue asks for a noun (7) meaning “insurance policy payment.” The answer, PREMIUM, fits exactly:
- Insurance policy payment: A “premium” is the regular amount of money an individual or business pays to an insurance company to keep a policy in force. This is precisely the “insurance policy payment” the clue refers to.
- Direct match: PREMIUM has seven letters, matching the (7) enumeration, and is the standard technical and everyday term for what you pay for insurance coverage.
“Premium” is central to how insurance works:
- Origin and usage: In insurance, the premium is calculated based on risk factors, coverage amount, and policy terms, and is usually paid monthly, quarterly, or annually. Non‑payment of the premium typically results in the policy lapsing.
- Examples: Common phrases include “pay the annual premium,” “a higher premium for comprehensive cover,” and “low-premium policies,” all reinforcing that the premium is the policyholder’s payment to maintain insurance protection.
In quick crosswords, clues like “Insurance policy payment (7)”:
- Aim directly at this core piece of insurance vocabulary; alternatives like “installment” or “rent” are too general or the wrong length.
- Because PREMIUM is both the exact industry term and a perfect seven-letter fit, it is the natural and intended solution to this clue.
