Total Premiums definition
Examples of Total Premiums in a sentence
If at the correct Age the Life Insured is not insurable under this Policy pursuant to our Underwriting Policy, the Policy shall be void ab-initio and the Company will refund the Total Premiums Paid without interest after deducting all charges incurred by the Company under the Policy.
F.4 Suicide Exclusion If death occurs due to suicide within 12 months from the Date of Commencement of risk under the Policy or from the date of revival of the Policy, as applicable, the Claimant shall be entitled to 80% of the Total Premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the Policy is In Force.
An updated contact detail of the Policyholder will ensure that correspondences from the Company are correctly addressed to the Policyholder at the latest updated address.Appendix 1: Guaranteed Surrender Value Factors Guaranteed Surrender Value Factors as percentage of Total Premiums PaidNote: This would only be payable once the Policy has acquired a GSV.
This total amount will be subject to a minimum of 105% of Total Premiums Paid, as on the date of death.
Total Premiums under a Contract may not exceed $1,000,000, unless approved by the Company.