insurance premium
From Longman Dictionary of Contemporary EnglishRelated topics: Insuranceinsurance premiuminˈsurance ˌpremium noun [countable] BFIthe money that you pay regularly to an insurance companyExamples from the Corpusinsurance premium• A free holiday does not include optional insurance premium.• It would be necessary to increase the insurance premium.• Simply paying the insurance premium each year without enquiring what cover is currently advantageous does not amount to good business.