Premium Meaning
Premium Definition & Usage
Of superior quality, value, or importance, often commanding a higher price.
Examples
- "This is a premium brand of coffee, made with the finest beans."
- "They offer premium services such as personalized travel planning and private jets."
- "The smartphone's premium design includes a sleek metal frame and a high-resolution display."
- "The restaurant serves a premium steak, aged for 30 days to perfection."
- "She bought a premium package that included extra features and exclusive access."
An additional charge added to the regular cost, often for special features or services.
Examples
- "He paid a premium for a better seat at the concert."
- "The insurance company charges a higher premium for comprehensive coverage."
- "If you want faster shipping, you'll need to pay a premium for expedited delivery."
- "The premium on this item reflects its high demand and limited availability."
- "The premium for this exclusive membership includes access to VIP events and services."
The amount paid periodically to maintain an insurance policy.
Examples
- "Her monthly premium for health insurance increased after the policy renewal."
- "The insurance premium for his home was surprisingly low despite the location."
- "They reviewed the premium rates for life insurance before making their decision."
- "A higher deductible often results in a lower premium in health plans."
- "After the accident, his car insurance premium went up significantly."
Cultural Context
The word 'premium' originates from the Latin word 'praemium,' meaning a reward or prize. Over time, it evolved to refer to anything of superior quality or value, often commanding a higher price. In business, it became a term for added costs associated with higher-end products or services.
The Premium Experience
Story
The Premium Experience
Sarah had always wanted to experience the luxury lifestyle. So, when she found out about a 'premium' offer for a limited-time travel package, she jumped at the opportunity. The premium package promised first-class flights, five-star hotels, and personalized concierge services, all at a premium price. As she walked through the airport lounge, the plush seats and quiet ambiance immediately made her feel like she was stepping into another world. Everything about the experience screamed 'premium'—from the high-end champagne to the concierge greeting her by name. But there was one catch: the price. The package, while expensive, provided value far beyond what Sarah had anticipated. Every meal was exquisite, every detail was tailored to perfection, and the service was beyond reproach. Sarah couldn't help but think back to the old days when she would have thought twice about spending such a premium. But now, in the midst of all this luxury, she realized it was worth every penny. The premium she paid had elevated her entire trip, turning it into a once-in-a-lifetime experience. It was a reminder that sometimes, paying more truly did deliver more. And as she boarded the return flight in the premium section, she vowed to make this a regular part of her future adventures.
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