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 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 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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Examples of Premium Allocation Rate in a sentence

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

  • A proportion of each Premium - the Premium Allocation Rate will be used to buy units in the Fund(s) of your choice.

  • The remaining percentage of your premium that is invested to buy units is called the Premium Allocation Rate and depends on the year of allocation.

  • We are beginning an outside consultant search to fill the UMASS Foundation Director position and will be working with Trustee O’Shea, Chair of the Development Committee on that appointment.

  • The Premium Allocation Rate for all Premiums are specified in the Schedule of Charges and are guaranteed for the term of the Policy.

  • 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.

  • The Premium Allocation Rate applied to a premium will be the rate applicable based on the due date of the premium irrespective of when the premium is actually paid.

  • The balance after the Premium Allocation Charge is the Premium Allocation Rate.

  • The Premium Allocation Rate and Premium Allocation Charge is given in the table below.


More Definitions of Premium Allocation Rate

Premium Allocation Rate means the rate specified in the Schedule, which net of any service tax & cess will be applied to the Single Premium paid to arrive at the amount to be allocated in the Unit Account in respect of any Single 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 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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Related to Premium Allocation Rate

  • Contribution Rate means, in a reserve study as described in RCW 64.34.380, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.