The Delegated Regulation uses terms “biometric risk premium” and “insurance premium”. Do these terms have the same meaning?

The Delegated Regulation defines the term “biometric risk premium” in point 54 of Annex VI. The term “insurance premium payment” in the second sub paragraph of Article 2(4) and the term “insurance premium” at the top of Templates A and B of Annex V - Single or Regular premiums paid – are considered to have the same meaning as biometric risk premium. It can be added that some of the references to “premiums” in the Delegated Regulation, for example in the first sub paragraph of Article 2(4) the terms “overall premium”, “premium” or “annual premium”, refer to the total amount paid or total annual payments made by the retail investor. The term “Investment” at the top of Templates A and B of Annex V – Single or Regular premiums paid - also refers to the total amount paid or total annual payments.