Total Premium Paid definition

Total Premium Paid means total of all the premiums received, excluding any extra premium, any discounts, any rider premium and taxes
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Total Premium Paid means for the purpose of computing the Death Benefit in provision A12, the total amount of premiums due and paid for the Basic Plan, as determined in the Plan Currency, as of the date of death of the Life Insured; or, where applicable, the amount of Single Payment as shown in Policy Schedule 1 for Single Payment Policy; or each premium (including Single Payment, if applicable) had been paid at a reduced level, which is calculated based on the portion of the Basic Plan that has not been surrendered for partially surrendered policy.
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Total Premium Paid means the total amount of premium that is actually paid by the policy holder;
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Examples of Total Premium Paid in a sentence

  • The revised annuity is calculated as revised premium x original annual annuity amount/ Total Premium Paid.

  • Our conception of the early Middle Ages is often drawn from just such a view of their relationships, particularly for the latter.

  • The amount payable will be equal to the reduced Total Premium Paid at the end of the Benefit Expiry Date.

  • If the Life Assured’s death is due to suicide within Twelve months from the Date of Commencement of Risk or from the Date of Revival of the Policy as applicable, the Nominee of the Policyholder shall be entitled to receive at least 80% of the Total Premium Paid and received by Us till the date of death of the Life Assured or Surrender Value available as on the date of death of the Life Assured, whichever is higher, provided the Policy is in Inforce status.

  • For the purposes of this calculation the Total Premium Paid for the Crisis benefit includes insurance premium, policy fee, any pastime, health or other loadings, stamp duty and anypremium frequency charges (applying to monthly and half-yearly premium payments).

  • The additions will depend upon the premium and will be calculated as: 9% of Total Premium Paid per annum for the 'first x' plan years*.

  • Superintendents appointed to areas corresponding to old dioceses.

  • Living Dependent Father of the deceased AnnuitantHowever, the annuity amount would be revised and determined using the annuity rate prevalent at the time of purchase of such annuity by utilizing the total premium required to be refunded to the nominee under the annuity contract.On subsequent death of Deceased Annuitant’s Dependent Mother and Dependent Father, the Total Premium Paid (exclusive of Goods and Services Tax and Cess), shall be payable to the Children of the Annuitant (if any).

  • However, in case of suicide within 1 year of the date of revival, when the revival is done after more than 6 months from the date of first unpaid Premium, the benefit payable shall be 80% of Total Premium Paid till the date of death or Surrender Value as at the date of death whichever is higher.

  • It is calculated as below:70% x Total Premium Paid# xUnexpired Policy Term Orginal Policy Term#Total Premiums Paid shall be inclusive of extra premiums if anyWho will get the benefit?The benefit on death will be paid to your nominee.

Related to Total Premium Paid

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.