Ignis is Maruti Suzuki's entry-level hatchback that is available in three different variants - Sigma, Delta, and Zeta. It is a subcompact vehicle and is usually priced lower than many other cars in the same segment.
However, it is equipped with some of the latest features and provides great value for money. So, it depends on what you mean by "premium". From a functionality and features perspective, Ignis offers a pretty decent package with overall good performance and efficiency.
It comes with safety features such as dual airbags, ABS (Anti-lock Braking System) with EBD (electronic brake-force distribution), and ISOFIX child seat mounts as standard on all variants. It also has a fuel efficiency of around 24.7 kmpl (as per ARAI).
Since Ignis doesn't provide the same level of features and comfort as a sedan or SUV, it would not be considered a "premium" car. Rather, it is an extremely good and reliable choice for a comfortable and efficient city drive, at a relatively affordable price.