Sum at Risk definition

Sum at Risk means an amount which is positive and is higher of the following:
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2

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 standard mortality charges for the basic cover per Rs.1000/- Sum at Risk for different ages are given in Table 1 of this policy.

  • For Joint Life Coverage, there shall be two Sums at Risk.The first Sum at Risk (SARJL1) shall be Max [1.25 times Single Premium less Total Fund Value, 0] and Nil after first death.The second Sum at Risk (SARJL2) shall be Max [10 times Single Premium less Total Fund Value, 0].

  • MC1 shall apply on first Sum at Risk (SARJL1) and MC2 shall apply on second Sum at Risk (SARJL2).

  • Sum at Risk will be calculated as given below: For Single Life Coverage, Sum at Risk (SARSL) shall be calculated as Sum Assured on Death less Total Fund Value.


More Definitions of Sum at Risk

Sum at Risk means Sum Assured reduced by both partial withdrawals, if any, within last two years and Fund Value.
Sample 1Sample 2
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.
Sample 1Sample 2
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;
Sample 1Sample 2
Sum at Risk means an amount which is positive and is highest of the following:
Sample 1
Sum at Risk means maximum of (Sum Assured and 105% of total premiums paid) reduced by Fund Value.
Sample 1
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.
Sample 1
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
Sample 1