Policy Administration Charge definition

Policy Administration Charge means a charge levied by Us for administration of the Policy during the Policy Term, starting from the Date of Commencement of Risk on each Monthly Anniversary by cancelling an appropriate number of Units in the Unit Account at the prevailing NAV and is specified in Part E;
Policy Administration Charge means a flat charge levied at the beginning of each Policy month from the Policy fund by canceling units for equivalent amount.
Policy Administration Charge means the charge as specified in Clause 1 of Part E of this Policy Document.

Examples of Policy Administration Charge in a sentence

  • The table below gives the Policy Administration Charge that is charged per month and is expressed as a percentage of the single premium.

  • The Policy Administration Charge as specified below shall be deducted monthly, by cancellation of Units.

  • Charges means the amount or expenses that are considered as a part of Premium , whether related to expenditures, remuneration or costs as appropriate such as Sales Load, Policy Administration Charge, Establishment Charge, Policy Management Charge, Implicit Fund management Charge, Surrender Charges, etc.

  • If you have opted for the Automatic Trigger Based Investment Option, then, we will review your Unit Account at the end of each Business Day to see if the simple absolute return on your investments in the Equity1 Fund (after deducting the Premium Allocation Charge, Policy Administration Charge, Mortality Charge and switching charge) is 10% (Ten percent) or more at the end of that Business Day.

  • Charges - means Premium Allocation Charge, Policy Administration Charge, Fund Management Charge, Mortality and Other Risk Benefit Charge, Service Tax & Education Cess Charge, Additional Servicing Charge and Discontinuance Charge.

  • An amount equal to the Policy Administration Charge falling due between the Date of Discontinuance and the date of revival will be levied on revival by cancelling Units in the Unit Account at their NAV.

  • The Policy Administration Charge will be deducted by cancellation of Units from the Policy Fund Value at the prevailing Unit Price on the corresponding Policy Date in each Policy Month as a percentage of Annualized Premium.

  • Charges:(1) Premium Allocation Charge:The table below provides Premium Allocation Charge (as a percentage of Premium)Premium typePremium Allocation Charge (as a percentage of Premium)Single Premium2%Top-up Premium1%This charge shall be levied at the time of receipt of Premium and is exclusive of applicable taxes and levies, if any.(2) Policy Administration Charge:The Policy Administration Charge for this Policy is 0.04% of the Single Premium per month subject to a cap of Rs. 500 per month.

  • The current Policy Administration Charge is as follows:The Policy Administration Charge levied by the Company shall be 0.05% of the annualized Premium per month.

  • The Policy Administration Charge, as mentioned in the Schedule, will be deducted at each Monthly Due Date throughout the Policy Term by the cancellation of Units.


More Definitions of Policy Administration Charge

Policy Administration Charge. ’ means a charge, if any, levied by Us for administration of the Policy during the Policy Term, as specified in Part E.
Policy Administration Charge means a flat charge levied at the beginning of each Policy month from the Fund by cancelling Units for the charge amount as given below
Policy Administration Charge means a charge levied at the beginning of each Policy month from the Policy fund by cancelling units for an equivalent amount.
Policy Administration Charge means the charge asspecified in Clause 1 of Part E of this Policy Document.
Policy Administration Charge means a flat charge levied at the beginning of each Policy month from the Fund Value by cancelling Units of equivalent amount.

Related to Policy Administration Charge

  • Administration Charge means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, to be used to pay Ecology’s cost to administer the State Revolving Fund by placing a percentage of the interest earned in an Administrative Charge Account.

  • Medication administration means the direct application of a medication or device by ingestion, inhalation, injection or any other means, whether self-administered by a resident, or administered by a guardian (for a minor), or an authorized health care provider.

  • Number Portability Administration Center or "NPAC" means one (1) of the seven (7) regional number portability centers involved in the dissemination of data associated with ported numbers. The NPACs were established for each of the seven (7) original Xxxx Operating Company regions so as to cover the fifty (50) states, the District of Columbia and the U.S. territories in the North American Numbering Plan area. "Numbering Plan Area" or "NPA" is also sometimes referred to as an area code. It is a unique three-digit indicator that is defined by the "X," "X" and "C" digits of each 10-digit telephone number within the NANP. Each NPA contains 800 possible NXX Codes. There are two (2) general categories of NPA. "Geographic NPA" is associated with a defined geographic area and all telephone numbers bearing such NPA are associated with services provided within that geographic area. A "Non-Geographic NPA," also known as a "Service Access Code" (SAC Code), is typically associated with a specialized Telecommunications Service which may be provided across multiple geographic NPA areas; 500, Toll Free Service NPAs, 700, and 900 are examples of Non-Geographic NPAs. "NXX," "NXX Code," "Central Office Code," or "CO Code" is the three- (3)-digit Switch entity code which is defined by the "D," "E" and "F" digits of a ten- (10) digit telephone number within the NANP. "Operational Support Systems" or "OSS" shall have the meaning set forth in Section 12. "Optional Testing" is testing conducted by CenturyLink, at the request of CLEC, that is in lieu of testing CLEC should complete to isolate trouble to the CenturyLink network prior to submitting a trouble ticket to CenturyLink.

  • Claims Administration means the processing of claims made under the Shared Policies, including the reporting of claims to the insurance carriers, management and defense of claims and providing for appropriate releases upon settlement of claims.

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

  • Customs Administration means the competent authority that is responsible under the law of a Party for the administration of customs laws and regulations;

  • Self-administration means carrying and taking medication without the intervention of the school nurse, approved through the school district policy and restricted to students with asthma, other potentially life-threatening illnesses or life-threatening allergic reaction.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Federal Aviation Administration and "FAA" mean the United States Federal Aviation Administration and any agency or instrumentality of the United States government succeeding to their functions.

  • Facility administrator means chief probation officer, sheriff, marshal, chief of police or other official charged by law with administration of the facility.

  • Basic health plan means the plan described under chapter

  • Issuer Administration Agreement means that certain issuer administration agreement, dated as of the date hereof, among the Administrator, the Issuer, the Transferor and the Indenture Trustee, as amended or supplemented from time to time.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Administration Costs means (i) the costs and expenses associated with the production and dissemination of the Notice (as defined in Section 2.10); (ii) all reasonable costs incurred by the Settlement Administrator (as defined in Section 1.40) in administering and effectuating this Settlement, which costs and expenses are necessitated by performance and implementation of this Agreement and any Court orders relating thereto; (iii) all reasonable fees charged by the Settlement Administrator; and (iv) any other costs associated with the settlement, including but not limited to any amounts charged by TIAA or Vanguard.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Resource Adequacy Benefits means the rights and privileges attached to the Facility that satisfy any entity’s resource adequacy obligations, as those obligations are set forth in any Resource Adequacy Rulings and shall include any local, zonal or otherwise locational attributes associated with the Facility.

  • Environmental Protection Agency (EPA) means the United States Environmental Protection Agency.

  • Basic health plan services means that schedule of covered

  • Contract administration means all functions, duties, and responsibilities

  • air traffic control service means a service provided for the purpose of:

  • Misadministration means the administration of:

  • Settlement Administration Expenses means the Settlement Administrator’s fee, and the expenses incurred by the Settlement Administrator in providing Notice, processing exclusions and objections, responding to inquiries from members of the Settlement Class, mailing Settlement checks, and related services, paying taxes and tax expenses related to the Settlement Fund (including all federal, state or local taxes of any kind and interest or penalties thereon, as well as expenses incurred in connection with determining the amount of and paying any taxes owed and expenses related to any tax attorneys and accountants).

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Administration Account As defined in Section 7.02.

  • Societal benefits charge means a charge imposed by an electric

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.