Discontinuance Charge. ’ means a charge levied by Us on the Discontinuance of the Policy at the rate and manner as specified in Part E.
Discontinuance Charge means the charge made by the Company when Units under the Contract are cancelled for the purpose of withdrawal or surrender of the Contract in accordance with Clause 18.
Examples of Discontinuance Charge in a sentence
The Annual Usage Commitment is used in the calculation of the Discontinuance Charge, as described in Section 2, for early termination of an Initial Term or Renewal Term.
The amount payable on surrender will be the Unit Fund Value on surrender less the Discontinuance Charge as specified in the Schedule of Charges.
Subject to Clause 8(3) the amount payable will be the Unit Fund Value on surrender less the Discontinuance Charge as specified in the Part E.
Where the Life Assured is not found insurable, we would pay the Fund Value less Premium Discontinuance Charge and terminate the Policy.
The Discontinuance Charge shall be levied at the time of surrender or on discontinuance of premium.
More Definitions of Discontinuance Charge
Discontinuance Charge means a charge levied by Us on the Discontinuance of the Policy, as specified in the Schedule, provided that You have not paid the Single Premium under this Policy;
Discontinuance Charge. ’ means a charge levied by Us on the Discontinuance of the Policy by cancelling an appropriate number of Units in the Unit Account at the prevailing NAV and is specified in Part E.
Discontinuance Charge means a charge that can be levied upon the Discontinuance of the Policy
Discontinuance Charge means a charge that does not exceed the limits specified in these regulations, expressed as a percentage of one annualized level premium that can be levied upon discontinuance of a non-single premium policy. (2) Words and expressions used and not defined in these regulations but defined in the Act, or the Insurance Regulatory and Development Authority Act, 1999 (42 of 1999) shall have the meanings respectively assigned to them in those Acts or the rules and regulations made there under, as the case may be.Grace Period
Discontinuance Charge means a charge levied by the Us, on the discontinued Policy.
Discontinuance Charge means a charge levied by the Us, on the discontinuance of policy.
Discontinuance Charge means a charge that does not exceed the limits specified in these regulations, expressed as a percentage of one annualized level premium that can be levied upon discontinuance of a non-single premium policy.