Annuity Instalment definition

Annuity Instalment means the amount payable to the Annu- itant at each Annuity Frequency, as mentioned in the Schedule or any subsequent endorsement. The first Annuity Instalment is due one (1) month, one (1) quarter, one (1) half-year or one (1) year from the Date of Commencement of Annuity depending on the Annuity Frequency under the Policy. This shall include any Top-up Annuity Instalment, unless otherwise mentioned.
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Annuity Instalment means the amount payable to the Annuitant at each Annuity Frequency, as mentioned in the Schedule or any subsequent Endorsement.
Sample 1
Annuity Instalment means the amount payable to the Annuitant as mentioned in the Schedule.
Sample 1

Examples of Annuity Instalment in a sentence

  • The Annuity Instalment shall be continued to be paid to the Annuitant as long as the Annuitant is alive.

  • However, in case the Annuity Payout Date falls on a non-working day of the Company, then the respective Annuity Instalment shall be made on the immediate subsequent working day of the Company.

  • The first Annuity Instalment will be due for payment on the due date as shown in the Policy Schedule.

  • The shortest longevity of 9 days was recorded when the cut leaves were treated with distilled water (Tl) which was the control.

  • The Annuity Instalment shall be paid by the Company in arrears and as per the frequency requested by You.

  • In the course of repayments, the mutual ratio of the Loan principal instalment and interest payment changes within the scope of the Annuity Instalment.

  • Where annuity repayment has been contracted, the Loan interest for Interest Periods to which Annuity Instalment does not apply shall be payable separately on the last day of the Interest Period.

  • You can change the Annuity Instalment Frequency anytime during the Policy Term, however the same shall be effective from the subsequent Policy Anniversary Date subject to the Company receiving a notice of change atleast 60 days prior to the Policy Anniversary Date.

  • The Death Benefit shall include any Annuity Instalment that was due but not paid as on the date of Death of the last survivor Annuitant.1.1.3 On payment of the Benefits specified in Clause 1.1.1 or clause 1.1.2 the Policy shall stand terminated.1.1.4 Subject to the terms of this Policy any amount payable on the Annuitant(s)’s death shall be paid to Claimant/ Assignee.1.1.5 The above Death Benefit shall also be payable in case of death due to suicide.

  • If the date of birth of the Annuitant(s) has been misstated the Company may, adjust the Annuity Instalment payout and/or the Benefits under this Policy and/or recover the additional amounts, if any, as it deems fit.

Related to Annuity Instalment

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment Date means each date specified as such in the Final Terms.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Annuity Contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals. The term also includes a contract that is considered to be an Annuity Contract in accordance with the law, regulation, or practice of the jurisdiction in which the contract was issued, and under which the issuer agrees to make payments for a term of years.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;

  • Contingent Annuitant is the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.