Insurance Premium

Type: Information Object

Status: Planned
Industry Sector: Insurance
Sensitivity Level: Confidential
Personal Information: PII

Description:
The amount payable by a policyholder to an insurer in exchange for insurance coverage over a defined period.

Accessed by Application(s):

• Broker Management Platform
• Insurance Product & Rating Platform
• Policy Administration System
• Premium Billing Application
• Reinsurance Administration System

 Yes

Attributes

Order	Name	Description	Type	Cardinality	Example value
1	Premium ID	Unique identifier for the premium record	GUID	Mandatory
2	Policy ID	Reference to the policy this premium belongs to	Reference	Mandatory
3	Status	Payment status of the premium	Enumeration	Mandatory	Outstanding
4	Amount	Premium amount due	Decimal	Mandatory
5	Net Premium	Premium amount before tax and fees	Decimal	Optional
6	Tax Amount	Tax applied to the premium	Decimal	Optional
7	Due Date	Date by which the premium must be paid	Date	Mandatory
8	Paid Date	Date on which the premium was paid	Date	Optional
9	Currency	Currency of the premium	Enumeration	Mandatory	EUR
10	Payment Frequency	Frequency at which premiums are payable	Enumeration	Mandatory	Annual

 Yes
 
 Planned
 PII
 Confidential
 Insurance
 The amount payable by a policyholder to an insurer in exchange for insurance coverage over a defined period.

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