What is another word for PREMIA?
Pronunciation: [pɹˈɛmiə] (IPA) 
Premia is a term that refers to the payment made to an insurance company to maintain insurance coverage. Synonyms for the term "premia" include insurance premium, insurance payment, premium payment, coverage payment, and policy payment. These words describe the amount of money policyholders must pay in exchange for insurance protection, either on a monthly or yearly basis. Many insurance companies offer various payment options to make paying premia easier for their clients. Some companies also provide discounts or lower premia for clients who have a good driving record, belong to certain groups or organizations, or have multiple policies with the same company.
