The amount paid for an insurance policy, such as health, car, or life insurance.
毎月の保険料が高くなった。
My monthly insurance premium has gone up.
自動車保険の保険料を年払いにした。
I switched my car insurance premium to annual payment.
保険料 is the premium you pay into an insurance policy, while 保険金 is the payout you receive from it.
pension insurance premium; pension contribution
unearned premium; unexpired premium; prepaid insurance premium
car insurance premium
Compound of 保険 (insurance) and 料 (fee, charge).