Mortality Charge means a charge levied by Us on the Sum at Risk for providing life insurance cover to the Life Insured during the Policy Term on the basis of his attained Age during the Policy Term in accordance with the rates as specified in Part E;
Mortality Charge means cost of life insurance cover and is levied at the beginning of each policy month from the fund by canceling units for an equivalent amount.
Examples of Mortality Charge in a sentence
The Mortality Charge will be deducted at the rate as applicable to the attained Age and gender of the Life Assured, on the Date of Commencement of Risk and on each subsequent Monthly Due Dates.
The Mortality Charge is applied on the Sum at Risk under the Policy.
Any undercharged Mortality Charge, without interest, will be debited in Units at NAV.
Mortality Charge would be reduced corresponding to the reduced Sum at Risk.
Mortality Charge: Mortality Charge will be levied on a monthly basis by way of cancellation of Units at the beginning of each Policy Month and will apply on the Sum at Risk ("SAR").
More Definitions of Mortality Charge
Mortality Charge means the charge towards providing life insurance cover and is as shown in Section 3 of the Schedule.
Mortality Charge means the charge for providing the life insurance cover. The method of calculation of the Mortality Charge is as set out in Section 33) below.
Mortality Charge means a charge levied by Us on a sum at risk basis for providing life insurance cover to the Life Insured during the Policy Term. The Mortality Charge is deducted from the Fund Value at the beginning of each Policy Month on the basis of his/her Attained Age in accordance with the rates as specified in Part E of the Policy.
Mortality Charge means the cost of Life Insurance Cover and is levied at the beginning of each policy month starting from the second policy year from the fund by cancelling units for an equivalent amount.
Mortality Charge means the charge levied for the purpose of offering life insurance cover and is as shown in Section 3 of the Schedule.
Mortality Charge means cost of life insurance cover and is deducted from the premium when the premium is paid.