Premium Allocation Rate definition

Premium Allocation Rate means the rate specified in the Schedule at which the premium will be applied to arrive at the Units to be allocated in the Unit Account in respect of any Regular Premium or Top Up Premium paid by the Policyholder.
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Premium Allocation Rate means the rate specified in the Schedule, which net of any GST, will be applied to the Regular Premium and Top up Premium (if any) received to arrive at the amount to be allocated in the Unit Account in respect of any Premium paid by the Policyholder.
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Premium Allocation Rate means the rate net of the Premium Allocation Charge [as per Section 16d) below] and any GST & cess (as applicable) will be applied to the Regular Premium / Single Premium and Top up Premium (if any) received to arrive at the amount to be allocated in the Unit Account in respect of any Premium paid by the Policyholder.
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Examples of Premium Allocation Rate in a sentence

  • Premium Allocation Rate - means the proportion of the Premium that is allocated for purchase of Units.

  • The refund paid to the Policyholder will also be reduced or increased (as applicable) by the amount of any reduction or increase in the Regular Premium Fund Value and Top Up Premium Fund Value, if any, due to a fall or rise in the Unit Price between the date of allocation and redemption of Units (without reference to any Premium Allocation Rate or Charges).

  • Units are allocated under the Policy depending on the amount of Contribution received, the Premium Allocation Rate and the Unit Price of each Unit on the date of allocation.

  • A proportion of the Premium (Premium Allocation Rate) will be used to buy Units in the Funds of your choice.

  • Units are allocated under the Policy depending on the amount of Regular Premium and Top Up Premium received, the Premium Allocation Rate and the Unit Price of each Unit on the date of allocation.

  • The remaining percentage of your premium that is invested to buy units is called the Premium Allocation Rate.

  • Units are allocated under the Policy depending on the amount of Regular Premium or Top Up Premium received, the Premium Allocation Rate and the Unit Price of each Unit on the date of allocation.

  • Units are allocated under the Policy depending on the amount of Regular Premium, the Premium Allocation Rate and the Unit Price of each Fund on the date of allocation.

  • Units are allocated under the Policy based on the amount of Regular Premium / Single Premium, the Premium Allocation Rate and the Unit Price of each Fund on the date of allocation.

  • Units are allocated under the Policy depending on the amount of Single Premium or Top Up Premium received, the Premium Allocation Rate and the Unit Price of each Unit on the date of allocation.


More Definitions of Premium Allocation Rate

Premium Allocation Rate means the rate specified in the Schedule (net of any GST and cess (as applicable), ) that will be applied to the Single/ Regular Premium paid to arrive at the amount to be allocated in the Unit Account in respect of any Regular Premium/Single Premium or Top Up Premium paid by the Policyholder.
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Premium Allocation Rate means the rate net of the Premium Allocation Charge [as per Section 15g) below] and any GST & cess (as applicable) will be applied to the Regular Premium and Top up Premium (if any) received to arrive at the amount to be allocated in the Unit Account in respect of any Premium paid by the Policyholder.
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Premium Allocation Rate means the rate specified in the Schedule, which net of any service tax & cess will be applied to the Regular Premium paid to arrive at the amount to be allocated into the Policy Account in respect of any Regular Premium paid by the Policyholder.
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Premium Allocation Rate means the rate specified in the Schedule, which net of any GST will be applied to the Regular Premium paid to arrive at the amount to be
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Premium Allocation Rate means the rate specified in the Schedule at which the Initial Contribution/Contribution will be applied to arrive at the Units to be allocated in the Unit Account in respect of any Initial Contribution/Contribution paid by the Policyholder.
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Premium Allocation Rate means the rate specified in the Schedule, which net of any GST and cess (as applicable) will be applied to the Regular Premium and/or Top Up Premium, if any, paid to arrive at the amount to be allocated in the Unit Account in respect of any Regular Premium and/or Top Up Premium paid by the Policyholder.
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Related to Premium Allocation Rate

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.