MANAGEMENT

Detailed explanation-1: -An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance company.

Detailed explanation-2: -Total Premium Amount means the premium price per unit of the Underlying Securities multiplied by the total quantity of Underlying Securities subject to an Option.

Detailed explanation-3: -Definition: The total amount of premium paid annually is called the annualized premium. Description: Any insurance policy comes up with many premium payment options. Premium can be paid monthly, quarterly, semi annually and annually.

Detailed explanation-4: -Premiums can be paid through monthly, half-yearly or even annual installments. Customers can also pay the entire amount as a one-time payment for the whole policy term prior to the commencement of coverage in some cases.