The phrase "premium discount" is correct and can be used in written English.
It could be used when referring to a discount offered on a product or service such as insurance. For example "Lloyd's of London is offering a 5% premium discount for customers who sign up before the end of the year."
Rewards may be in the form of a premium discount, reduced cost-sharing, the absence of a surcharge or other disincentive, or a benefit that would not otherwise be provided under the plan.
If you decide to have an alarm fitted, check first with your home insurer whether there are any restrictions on the type of model you need to install in order to qualify for any premium discount offered.
This year, insurers and other companies that roll out new wellness programs for employers are no longer permitted to ask people about their genetics or family history in health risk assessments if the answers are tied to any sort of reward, like a premium discount.
Since he signed up for Fulfillment by Amazon last September, he says that his sales have jumped more than 30percentt, and a third of the orders that come in are from members of Amazon Prime, the company's premium discount shipping program.
Allstate already offers a 25% premium discount for those who sign up for a home monitoring service.
These programs provide a premium discount for those drivers who have not been involved in an accident for a predetermined amount of time.
Financial incentives include gift certificates and premium discounts or surcharges.
For example, they can scan the local newspaper for the high school honor roll and be sure that their young customers' good grades are recognized with premium discounts.
Premium discounts for people who achieve health objectives — or who are thin, have normal blood pressure or do not smoke to begin with — are minor adjustments, she said, adding, "All the employer would be doing is taking the numbers and doing a little bit of rebalancing of some of the imbalance".
While advocates for people with chronic ailments like diabetes, cancer and heart disease say they welcome initiatives that enable employees to incorporate exercise or weight counseling into their workday, they warn that tying premium discounts to achieving certain health standards (which American Express does not do) will inevitably shift costs to less healthy employees.
Workers can receive cash incentives or premium discounts for taking a health risk assessment, participating in chronic illness management or joining a gym, for example.
