Examples of Annual Premium in a sentence
In consideration of all the provisions of this policy, the Annual Premium under all policies of the Named Insured with the Underwriter shall be determined in accordance with the Rating & Premium Plan.
Policy run period % of Annual Premium Refundable Up to one month 75% of annual rate Up to three months 50%of annual rate Up to six months 25% of annual rate Exceeding six months Nil The SBIGIC shall not be bound to accept any renewal premium nor to give notice that such is due.
OPM charges a flat fee of $14,400 per year for the development and submission of an Annual Premium Index File which is used to calculate affordability when a consumer is found to be in the monthly enrollment file.
In the event that the premium is calculated as an Annual Premium payable weekly, the premium Paid will apply to every week the employee is employed by the employer which will include the period the employee is on annual leave or sick leave.
Premium Payment Mode: Yearly/Half Yearly/Quarterly/Monthly Date of Last Instalment of Premium: Premium Rates: Benefit Description Annual Premium Per Thousand Sum Assured (INR) Base Plan Riders The Premium rate above excludes Goods and Services Tax.