reward vs premium

premium vs reward

reward and premium both are nouns.

reward is not an adjective while premium is an adjective.

reward is a verb but premium is not a verb.

Word	Noun	Adjective	Verb	Adverb
reward	Yes	No	Yes	No
premium	Yes	Yes	No	No

As nouns, premium is a hyponym of reward; that is, premium is a word with a more specific, narrower meaning than reward:

reward: payment made in return for a service rendered
premium: payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

Other hyponyms of reward include bounty, honorarium, blood money, guerdon, meed.

reward (noun)	premium (noun)
an act performed to strengthen approved behavior	the amount that something in scarce supply is valued above its nominal value
benefit resulting from some event or action	payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
the offer of money for helping to find a criminal or for returning lost property	payment for insurance
a recompense for worthy acts or retribution for wrongdoing	a fee charged for exchanging currencies
payment made in return for a service rendered	a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.

reward (adjective)	premium (adjective)
	having or reflecting superior quality or value; having a higher price or cost

reward (verb)	premium (verb)
strengthen and support with rewards
act or give recompense in recognition of someone's behavior or actions
bestow honor or rewards upon

Difference between reward and premium

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