Premium Rates. a) Premiums payable under this Policy shall be calculated in accordance with the Premium Rate(s) agreed between Policyholder and the Company and specified in the Policy Schedule. The Premiums payable for the Insurance in respect of an Insured Member / employee on the Policy Effective Date / Cover Commencement Date or on the Next Renewal Date shall be ascertained from the Premium Rates as mentioned in the Policy Schedule and the Amount of Insurance in respect of the Insured Member/ employee. If in respect of the Insured Member, the Date of Entry is different (later) to the Policy Effective Date / Cover Commencement Date, proportionate Premiums shall be payable immediately and thereafter the insurance Coverage shall be effective.
Appears in 7 contracts
Samples: Future Generali Group Term Life Insurance Plan, Future Generali Group Term Life Insurance Plan, Future Generali Group Term Life Insurance Plan
