Modal Factor definition

Modal Factor means the applicable factor specified in the Schedule, which is used by Us for determining the Premium. The Modal Factors for this Policy are as follows: i) for annual Premium payment mode – (1.00); ii) for semi-annual Premium payment mode - (0.513); iii) for quarterly Premium payment mode - (0.261); iv) for monthly Premium payment mode - (0.088);
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Modal Factor means the applicable factor specified in the Schedule, which is used to determine the Premium, and will be as follows: i) for annual Premium payment mode – (1.00); ii) for semi-annual Premium payment mode - (0.52); iii) for quarterly Premium payment mode - (0.265); iv) for monthly Premium payment mode - (0.09);
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Modal Factor means the applicable factor specified in the Schedule, which is used by Us for determining the Premium. The Modal Factors for this Policy are as follows: i) for annual Premium payment mode – (1);
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Examples of Modal Factor in a sentence

  • The Premium payable under this Policy may differ on the basis of the Extra Premiums, if any, the Premium payment mode chosen by you and the applicable Modal Factor.

  • Calculated as installment premium divided by the premium Modal Factor for that mode.

  • The Premium payable under this Plan will be determined by us on the basis of the Premium payment mode chosen by you and the applicable Modal Factor.

  • There will be no risk cover available under this Policy during the Payout Period.1.2.2. The Income Benefit will be paid in annual/ semi-annual / quarterly/ monthly frequency, as selected by You, in arrears (i.e. at the end of the month, quarter, half-year or year), as per the applicable Income Benefit Modal Factor.

  • Yearly – 100%, Half yearly – 51%,Quarterly – 26%, Monthly – 8.8% IllustrationGiven below is an illustration of the benefits payable, over the policy term for different combinations for a healthy individual: Note: Assuming survival for 30 years# Modal premium i.e. Annual Premium X Premium Modal Factor (₹ 20,000 X 51%) Please note: The above illustration is an extract of a separate, more detailed benefit illustration.

  • The applicable Modal Factor for half yearly Premium Payment mode is 0.5119, for quarterly Premium payment mode is 0.2590 and for monthly Premium payment mode is 0.0870.

  • Rebates per Rs. 1,000 Sum Assured applicable on the premium paid by the Policyholder are as follows:Sum Assured5.6. Modal Factor: There will be a modal factor applicable on the base premium depending on the mode of premium payment.

  • The Premium payable under this Plan may differ on the basis of the Extra Premiums, if any, the Premium payment mode chosen by you and the applicable Modal Factor.

  • Distribution Premium Mode Modal Factor of Policies Annual1.00032.1%Semi-annual0.5106.7%Quarterly0.2608.7%Monthly0.09252.5% 12.

  • The Borrower will maintain its chief executive office at 31500 Northwestern Highway, Suite 300, Farmington Hills, Michigan 48000, xx xx xxxx xxxxx xxxxx xx xxx Xxxxxx Xxxxxx xx Xxxxxxx xx xxx Xxxxower shall designate upon prior written notice to the Agent and the Banks, where notices, presentations and demands to or upon the Borrower in respect of the Loan Documents may be given or made.


More Definitions of Modal Factor

Modal Factor means the applicable factor used by Us for determining the Premium payable by You under this Policy, if You have opted to pay the Premium in any mode other than annual Premium payment mode. The Modal Factor for semi-annual Premium payment mode is 0.52, for quarterly Premium payment mode is 0.265 and for monthly Premium payment mode is 0.09;
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Modal Factor means the applicable factor in case You have opted to pay the Premium in any mode other than annual mode which are as follows, i) for Semi Annual – 0.52, ii) Quarterly – 0.265; and iii) Monthly - 0.09;
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Modal Factor means the applicable factor in case You have opted to pay the Premium in any mode other than annual mode which are as follows, i) for Semi Annual- 0.52, ii) Quarterly - 0.265; and iii) Monthly - 0.09;
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Modal Factor means the applicable factor specified in the Schedule, which is used to determine the Premium payable as per frequency chosen by You, and will be as follows: i) for Annual mode - (1.00); ii) for semi-annual mode - (0.520); iii) for quarterly mode - (0.265); or iv) for monthly mode - (0.090);
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Modal Factor means the applicable factor specified in the Schedule, which is used to determine the Premium, and will be as follows:
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Modal Factor means the applicable factor as specified in the Base Policy, which is used to determine the Premium, as per the frequency of premium opted by You;
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Related to Modal Factor

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.