Examples of Rider Premium in a sentence
On any riders issued with this policy, other than this rider and any rider for which there is no premium, the Rider Premium provision under GENERAL PROVISIONS is replaced with the following: RIDER PREMIUM The annual premium for this rider is shown on the Policy Data page.
Summary of Benefits and Premiums including for the Riders opted for: Benefit Description Number of Members Total Sum Assured (INR) Premiums (INR) Base Sum Assured Base Premium Rider Sum Assured Rider Premium Total Premium Service Tax on Total Premium Education Cess Secondary &Higher Education Cess TOTAL Premium including Service Tax The stamp duty of Rs. paid by pay order, no dated Government Notification Revenue and Forest Department No. Mudrank .
We will only refund the Rider Premium (incluvise of extra Rider Premiums and excluding taxes, if any) received by Us, after deducting the proportionate risk Rider Premium for the period of insurance coverage, charges of stamp duty paid and the expenses incurred on medical examination of the Members, if any.
Upon termination of this Rider, We will refund the Rider Premium received by Us for the unexpired Rider Period of Coverage.
We will allow a grace period of 15 (Fifteen) days if You have chosen monthly mode for payment of the Rider Premium and 30 (Thirty) days, if You have chosen any other mode, from the due date of the unpaid Rider Premium, for paying the overdue Rider Premium to Us. During the grace period, We will accept the overdue Rider Premium without any interest and the insurance coverage under this Rider will continue.