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.
Sample 1Sample 2Sample 3
Annuity Instalment means the amount payable to the Annuitant at each Annuity Frequency, as mentioned in the Schedule or any subsequent Endorsement.
Sample 1Sample 2
Annuity Instalment means the amount payable to the Annui- tant at each Annuity Frequency, as mentioned in the Schedule or any subsequent endorsement. This shall include any Top-up Annu- ity Instalment, unless otherwise mentioned.
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.


More Definitions of Annuity Instalment

Annuity Instalment means the amount payable to the Annuitant as mentioned in the Schedule.
Sample 1

Related to Annuity Instalment

  • 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.

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