Premium Payment Term definition

Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;
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Premium Payment Term means the period or the term of the Policy contract during which the Policyholder is required to pay the premiums with respect to the Policy, to the Company
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Premium Payment Term means the term during which the Regular Premiums are payable under the Policy, as specified in the Schedule;
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Examples of Premium Payment Term in a sentence

  • Guaranteed Maturity Benefit is defined as a % of Total Premiums Payable over the Premium Payment Term, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

  • Loyalty Additions as specified in the Policy Schedule shall accrue under the Policy at the end of each policy year after the Premium Payment Term (PPT) until Maturity Date, provided all due Premiums have been received in full.

  • Entry Age1 18 years 60 years Maturity Age1 Maximum 75 years of age Annualised Premium2 ` 10,000 No Limit Premium Payment Term Fixed term of 10 years Policy Term Fixed term of 15 years Premium Payment modes Annual, Semi-Annual, Quarterly Semi- Annual & Quarterly modes are available only with Standing Instructions* (SI) and ECS mode.


More Definitions of Premium Payment Term

Premium Payment Term means the period or the term of the Policy during which You are required to pay the premiums with respect to the Policy, to Us
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Premium Payment Term means the term which is same as Policy Term and specified in the Schedule, during which the Premiums are payable by You;
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Premium Payment Term means the term as specified in the Schedule, during which the Regular Premiums or Limited Premiums are payable by You;
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Premium Payment Term means the term, as specified in the Schedule, during which the Premiums are payable by You to Us under this Policy;
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Premium Payment Term means the period in years as specified in the Schedule during which the Instalment Premiums are payable.
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Premium Payment Term means the period during which Instalment Premiums are payable.
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Premium Payment Term means the term as specified in the Schedule, during which the Premium is payable.
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