Sum at Risk means an amount which is positive and is higher of the following:
Sum at Risk means the sum of all outstanding Regular Premiums due under the Policy as on the date of WOP Charge. The WOP Charge is applied on the Sum at Risk under the Policy.
Sum at Risk means an amount which is positive and is equal to 105% (Hundred and Five percent) of the total Premium (including all Top up Premium and exclusive of Rider Charges) received until the Life Insured’s death less the Fund Value;
Examples of Sum at Risk in a sentence
The monthly charges shall be taken for the age last birthday of the life assured and Sum at Risk at each time they are deducted.
The Mortality Charge is applied on the Sum at Risk under the Policy.
The standard mortality charges for the basic cover per Rs.1000/- Sum at Risk for different ages are given in Table 1 of this policy.
The standard insurance charges for the basic cover per Rs.1000/- Sum at Risk for different ages are given in Table 1 of this policy.
This charge is applied on the Sum at Risk (as defined below) and is deducted proportionately by cancellation of units on a monthly basis.
More Definitions of Sum at Risk
Sum at Risk means the sum assured or 105 percent of the total premiums paid whichever is higher reduced by both partial withdrawals, if any, within last two years and Fund Value.
Sum at Risk means Sum Assured reduced by both partial withdrawals, if any, within last two years and Fund Value.
Sum at Risk means 105% (One Hundred Five percent) of the total Premiums received from You by Us including Top-Up Premium, if any (excluding any charges towards any rider) less the prevailing Fund Value, subject to a minimum value of zero;
Sum at Risk means an amount which is positive and is highest of the following:
Sum at Risk means a sum equal to one twelfth of the forecast profit for the Service Provider as set out in the Business Plan (or (in the first Year) the Initial Business Plan, both as defined in the LLP Agreement) in respect of the relevant Financial Year
Sum at Risk means the amount if any by which the greater of the sum assured and 105% of total premiums paid as on date, exceeds the fund value.