Examples of Date of Surrender in a sentence
On surrender during the lock-in period of first five years of your Policy, the Fund Value, less the applicable Discontinuance/Surrender charge, as on the Date of Surrender, will be transferred to the Discontinued Life Policy Fund (maintained by the Company), and risk cover under the Policy shall cease immediately.
On Surrender the Guaranteed Surrender Value equal to Guaranteed Surrender Value factors multiplied by cumulative Premiums paid till Date of Surrender will be payable as lump sum amount.
On Policy surrender after the lock-in period of the first 5 Policy Years of the Policy, the Policy Account Value as on the Date of Surrender will be paid as Surrender Benefit and the Policy will terminate immediately.
The risk cover will terminate immediately as on the Date of Surrender.
On surrender or maturity, the PAV as on the Date of Surrender or maturity (as applicable) will be paid.
If the Policy is surrendered during lock in period of the first five (5) Policy Years, the Regular Premium Fund Value less the Discontinuance/Surrender Charge, if any, per Section 18g) below along with Top up Premium Fund Value, if any, (all as on the Date of Surrender) will be transferred to the Discontinued Life Policy Fund, and all risk cover including any additional rider cover under the Policy will be terminated immediately.
This coupling has so far occurred in the company of grant incentives.
The Regular/Single Premium Fund Value less the Discontinuance Charge, if any, [per Section 19f) below], plus the Top Up Premium Fund Value, if any, all as on Date of Discontinuance/ Date of Surrender, accumulated at the minimum guaranteed rates of investment return on the Discontinued Pension Policy Fund net of Fund Management Charge [per Sub-Section 6d)iii) below].
If any fractional N.V. Share would, except for the provisions of this Section, be deliverable upon the conversion of any Debt Security or Debt Securities, the Issuer shall make payment in lieu thereof in an amount of United States dollars equal to the value of such fraction computed on the basis of the Closing Price of the N.V. Shares on the last Business Day prior to the Date of Surrender.
If the Policy is surrendered during lock in period of the first five (5) Policy Years, Discontinuance action shall be taken and the Regular/Single Premium Fund Value less the Discontinuance Charge, if any, [per Section 19f) below], plus the Top Up Premium Fund Value, if any, (all as on the Date of Surrender) will be transferred to the Discontinued Pension Policy Fund, and risk cover under the Policy will be terminated immediately.