MONTHLY PREMIUMS PAYABLE Clause Samples
The "Monthly Premiums Payable" clause defines the obligation of the policyholder or insured party to pay insurance premiums on a monthly basis. It typically outlines the due date for each payment, acceptable methods of payment, and any grace periods or consequences for late or missed payments. This clause ensures that the insurance coverage remains active as long as premiums are paid regularly, thereby clarifying the payment schedule and helping to prevent lapses in coverage due to non-payment.
MONTHLY PREMIUMS PAYABLE. 2.1. The premium for the cover provided under this Policy is R17.49 (excl. VAT) per month.
2.2. It is important to remember that the responsibility to pay the premium on the Policy remains with You. We kindly request that You contact us should You wish to amend the premium collection (due) date.
2.3. Also see clause 7.7 [Premiums] below for more information.
MONTHLY PREMIUMS PAYABLE. Your premium for the cover of the main member including a spouse is
MONTHLY PREMIUMS PAYABLE. Your premium for the cover of the main member including a spouse is If You include Your children (up to a maximum of 5) on this Policy, the total additional premium for the cover will be an amount of R31.75 pm It is important to remember that it is Your responsibility to pay policy premiums on time or You will not be covered. Please contact us should You wish to amend the premium collection (due) date. Please remember that we need 12(twelve) premium payments for each person that is insured on this policy before a claim will be paid for natural death. If you do not make payment, you will not be covered (subject to 11.2 below); if you make payment again, and we accept this, the waiting period will continue until we have collected the required 12(twelve) premium payments per person. Also see 9.3.3 [Waiting Periods] below for more conditions. We may review the premium rates and change the premium or benefits at any time. Also see 11.2 [Premiums] below for more conditions.
MONTHLY PREMIUMS PAYABLE. Your premium for the cover of the main member including any a spouse is If You include Your children (up to a maximum of 5) on this Policy, the total premium for the cover will be an amount of R56.04 pm (that is an additional premium of R27.50 pm for adding Your children). If You include other additional dependants (up to a maximum of 3) on this Policy, the additional premium for the cover will be an amount of R18.43 pm for each additional dependant. It is important to remember that it is Your responsibility to pay policy premiums on time or You will not be covered. Please contact us should You wish to amend the premium collection (due) date. We may review the premium rates and change the premium or benefits at any time. Also see 11.2 [Premiums] below for more conditions.
MONTHLY PREMIUMS PAYABLE. Your premium for the cover of the main member including a spouse is If You include Your children (up to a maximum of 5) on this Policy, the total additional premium for the cover will be an amount of R26.78 pm If you include other additional dependants (up to a maximum of 3) on this Policy, the additional premium for the cover will be an amount of R25.72 pm for each additional dependant. It is important to remember that it is Your responsibility to pay policy premiums on time or You will not be covered. Please contact us should You wish to amend the premium collection (due) date. Please remember that we need 12(twelve) premium payments for each person that is insured on this policy before a claim will be paid for natural death. If you do not make payment, you will not be covered (subject to 11.2 below); if you make payment again, and we accept this, the waiting period will continue until we have collected the required 12(twelve) premium payments per person. Also see 9.3.3 [Waiting Periods] below for more conditions. We may review the premium rates and change the premium or benefits at any time. Also see 11.2 [Premiums] below for more conditions.