Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

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

Premium Payment Term means the number of Policy Years for which the Policyholder is required to pay the premium.

Examples of Premium Payment Term in a sentence

If the Premium Payment Term is less than the Policy Term, it shall mean Limited Premium payment Policy.
The Policy Term of the Rider shall be less than or equal to the Premium Payment Term of the Base Policy.
Premium Payment Term means the period during which the Policy Premium is payable and is mentioned in the Policy Schedule.
The facility of Switch would be subject to the administrative rules of the Company, existing at the time of Your Switch application and will be applicable to all Premium Payment Term options.
Please contact Us for details on whether You are eligible for this revival scheme and if so, the extent to which the Premium Payment Term can be changed, the total amount required to be paid by You to revive the Policy and the applicable terms and conditions for utilizing this revival scheme;3.6.3 Special Revival Schemes: We may also introduce special revival schemes from time to time which are available for a particular period.

More Definitions of Premium Payment Term

Premium Payment Term means the term, as specified in the Schedule, during which the Premiums are payable by You to Us under this Policy;

Premium Payment Term means the period specified in the Schedule during which the Premium is payable.

Premium Payment Term means the term during which the Regular Premiums are payable under the Policy, as specified in the Schedule;

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;

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

Premium Payment Term means the period specified in the Certificate of Insurance during which Premium is payable with respect to the Scheme Member to avail the benefits under the Policy.

Premium Payment Term means the period in years as specified in the Schedule during which the Instalment Premiums are payable.