Examples of Premium Allocation Charge in a sentence
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All the due and unpaid premiums without charging any interest plus Premium Allocation Charge and Policy Administration Charge will be collected and the balance amount will be invested in the chosen Fund to purchase the Units at the NAV as on the date of revival.
All Premiums will be allocated in the respective Unit Linked Funds as chosen by You after deduction of Premium Allocation Charge (if any) as mentioned in Part E.
Regular Premiums / Single Premium and Top-Up Premiums received after deducting the Premium Allocation Charge / Top-Up Premium Allocation Charge as applicable, will be invested into the Fund according to Your instruction of premium allocation.
Regular Premiums received are subject to Regular Premium Allocation Charge if any, as set out in the Schedule of Policy Charges.
All Base Plan Premiums and Top-Up Premiums, less Premium Allocation Charge, received in the 3rd last Policy Year will be invested in the Balanced Fund.
All Base Plan Premiums and Top-Up Premiums, less Premium Allocation Charge, received in the 2nd last Policy Year will be invested in the Debt Fund.
The Premium Allocation Charge is a percentage of Base Plan Premium and Top-Up Premium.
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.
All the due and unpaid premiums without charging any interest plus Premium Allocation Charge will be collected and the balance amount will be invested in the chosen Fund to purchase the Units at the NAV as on the date of revival.