Glossary entry

Swedish term or phrase:

premielöfte

English translation:

premium guarantee

Added to glossary by Paul Lambert
Apr 5, 2011 19:11
13 yrs ago
Swedish term

premielöfte

Swedish to English Bus/Financial Finance (general) Pension insurance plans
Pertains to payments made into pension funds based on fixed salaries and variable bonuses.

Sentence given:

"Herr Lamberts premielöfte beträffande pensionsinbetalningar från XYZ AB är 20% av lönen."

Discussion

Christopher Schröder Apr 7, 2011:
Isn't this a commitment by the employer to pay a certain percentage of salary into the pension?
Paul Lambert (asker) Apr 5, 2011:
That is what I was thinking... I was inclined toward that as well, but no relevant hits. I was really scratching my head when it was not in FARS.
trsk2000 (X) Apr 5, 2011:
guaranteed premium? It seems such a straightforward term to find an English translation for, but I was astounded by the profound lack of Google hits, and FARS has no suggestions - could it be a premium guarantee in fact?

Proposed translations

3 hrs
Selected

premium guarantee

It seems to be a guarantee/pledge given by Mr Lambert that states how high the premiums will be.
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4 KudoZ points awarded for this answer. Comment: "Thanks"
5 hrs

guaranteed premium

see discussion
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2 days 3 hrs

Premium payment undertaking

A 'löfte' in this case might be more of a 'åtagande' than a 'garanti' which is why I'm suggesting this. Like you I have failed to gain google endorsement for the exact term.
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