Grundprämie

Grundprämie, literally “basic premium,” is a term used in German-speaking insurance and financial products to describe the base amount of a premium that funds the core benefits of a policy. It represents the fixed or baseline portion of the premium, from which other costs such as riders, risk surcharges, administrative fees, taxes, or discounts may be added. The Grundprämie is typically determined by the underlying contract features, such as the level of coverage, term, or insured sum, and may be guaranteed for a set period.

In private insurance, the Grundprämie is the base price for the standard coverage. Depending on the policy, the total premium can vary with factors such as age, health status, smoking, or changes to the contract, and in some cases the Grundprämie may be adjusted only under the contract’s rules. In some public or semi-public schemes, the term can refer to a baseline subsidy or base funding assigned to provide the fundamental level of protection or service; additional subsidies or income-based adjustments may apply.

The exact meaning and calculation of Grundprämie are contractual and jurisdiction-specific. Therefore, it should be interpreted primarily from the policy documents rather than relying on a universal definition.

See also: Prämie, Versicherung, Grundversicherung, Rider, Subvention.