Total Premiums Payable definition

Total Premiums Payable means the total of all Premiums payable during Premium Payment Term, excluding any extra premium, frequency loadings on premium, if any, the premiums paid towards the Riders, if any, and applicable tax and cess.
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Total Premiums Payable means total of all the premiums payable under the Policy, excluding any extra premium, any rider premium and taxes. Any extra premium on account of Accelerated Critical Illness (ACI) Benefit, if any, is also excluded.
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Examples of Total Premiums Payable in a sentence

  • In case of limited pay and regular pay Policies, upon Premium discontinuance, if the Policy has acquired Surrender Value, the Death Benefit will be highest of  10 times of the Annualised Premium; or  105% of Total Premiums Paid; or  Paid Up Sum Assured where, Paid Up Sum Assured = (Sum Assured on Death + Additional Benefits) × Total Premiums Paid Total Premiums Payable Note: Additional Benefits shall be payable under the Income Replacement Option only.

  • Long Term Early Income: SSV Factor (1) * [Guaranteed Income * Paid-up Factor plus Earned Loyalty Booster] plus SSV Factor (2) * Total Premiums Payable * Paid-up Factor plus Earned Terminal Booster].

  • The Wealth Additions are expressed in terms of Total Premiums Payable (with respect to Annual mode of premium payment).Therefore, for other than Single premium and non-annual mode of premium payment,a.

  • Income Option:Short Term Income and Early Income: SSV Factor (1) * [Guaranteed Income * Paid-up Factor plus Earned Loyalty Booster] Long Term Income, Life Long Income : SSV Factor (1) * [Guaran- teed Income * Paid-up Factor plus Earned Loyalty Booster] plus SSV Factor (2) * Total Premiums Payable * Paid-up Factor.

  • Guaranteed Maturity Benefit will be equal to the sum Total Premiums Payable, Accrued Guaranteed Additions and Accrued Wealth AdditionsWhere:1.

  • In case of limited pay and regular pay Policies, upon Premium discontinuance, if the Policy has acquired Surrender Value, the Death Benefit will be highest of ▪ 10 times of the Annualized Premium; or ▪ 105% of Total Premiums Paid; or ▪ Paid Up Sum Assured where, Paid Up Sum Assured = (Sum Assured on Death + Additional Benefits) × Total Premiums Paid Total Premiums Payable Note: Additional Benefits shall be payable under the Income Replacement Option only.

  • Internetworked Systems Laboratory (InterSys Group) has made significant contributions to the architectural requirements, objectives standardization and prototyping of future Space Internetworking strategy.

  • The sum assured of your policy will be reduced as per the table given below: Paid Up Sum Assured Table for a Sum Assured of Rs. 1,000: If your policy is paid up, the Guaranteed Payouts under your policy will be reduced as per the formula given below:Total Premium Paid X Guaranteed Payouts Total Premiums Payable No future cash bonuses are payable.

  • Paid Up Sum Assured = Sum Assured X (Total Premiums Paid / Total Premiums Payable under the plan) Type of ChargeCharge DetailsDescriptionRegular PremiumPremium Allocation Charge % of annualized premiumWe deduct the shown percentage (in the table to the left) from your premium as Premium Allocation Charge and applicable service tax.

  • Talamh Beo farmers, leading by doing it themselves, are championing the agroecological approach.

Related to Total Premiums Payable

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

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • 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.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.