AIA Vitality Insurance Premium Discount definition

AIA Vitality Insurance Premium Discount means that the discount that the Owner could enjoy with respect to the Designated Discounted Policy as a result of the Insured’s joining of and participation in the AIA Vitality, according to the adjustment mechanism stated hereinafter on the basis of AIA Vitality Insurance Premium Discount Percentage and Current Year Insurance Premium Adjustment Percentage.
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Examples of AIA Vitality Insurance Premium Discount in a sentence

  • The AIA Vitality Insurance Premium Discount is only applicable to the specific Basic Policy or Supplementary Contract.

  • The AIA Vitality Insurance Premium Discount is only applicable to standard premiums and shall not apply to any extra premiums due to loading.

  • If the AIA Vitality member is insured by more than one policy under the AIA Vitality Series, the AIA Vitality Insurance Premium Discount applied should be calculated independently in accordance with each policy.

  • The insured person has to be an AIA Vitality member in order to enjoy the AIA Vitality Insurance Premium Discount.

  • Minimum AIA Vitality Insurance Premium Discount Percentage = 0% Maximum AIA Vitality Insurance Premium Discount Percentage = 15% The Current Year Insurance Premium Adjustment Percentage applied will be based on the Insured’s AIA Vitality Status as at the day of relevant Policy Anniversary.

  • Notwithstanding the above, the AIA Vitality Insurance Premium Discount Percentage applied at any Policy Anniversary shall not be more than the Maximum AIA Vitality Insurance Premium Discount Percentage and shall not be less than the Minimum AIA Vitality Insurance Premium Discount Percentage as set out below.

  • The AIA Vitality Insurance Premium Discount is not extended to any other Basic Policy or Supplementary Contracts unless it is specifically stated otherwise.

  • The AIA Vitality Insurance Premium Discount is capped at 15% and floored at 0%.

  • An annual membership fee will be charged for AIA Vitality and a member has to renew the AIA Vitality membership annually in order to enjoy AIA Vitality Insurance Premium Discount in the subsequent policy years.

  • Program admission requirements ensure students possess the potential to complete programs successfully.

Related to AIA Vitality Insurance Premium Discount

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Property Insurance is defined in Section 6.10(a).

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Reimbursement insurance policy means a policy of insurance

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following: