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

  • Guaranteed Maturity Benefit = (Guaranteed Maturity Benefit Factor as per Annexure A) x Total Premiums Payable Guaranteed Addition/s shall not accrue once the Policy has been converted to a Reduced Paid-up Policy.

  • 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.

  • 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].

  • For Plan Options 1 or 3 to 6: Not Applicable For Plan Option 2, and in the event that the Life Insured is alive as on Policy Maturity Date, the Sum Assured on Maturity equal to the Total Premiums Payable under the Policy will be paid to the Policyholder.

  • Wealth Additions will accrue during the Income Payout period and will be calculated as a percentage of Total Premiums Payable and vary by Age, Premium Payment Term (PPT) and Policy Term (PT) in accordance with the table below.

  • Where, Guaranteed Annual Income percentage factor shall be as follows: GAI for Single Life = Rate A * (Total Premiums Payable up to Rs.125,000) + Rate B * (Total Premiums Payable in excess of Rs. 125,000).

  • The Guaranteed Monthly Income under your policy will be reduced as per the formula given below: Total Premium Paid X Guaranteed Monthly Income Total Premiums Payable Once the Policy becomes Paid Up, the Policy shall cease to participate in the performance of the participating insurance fund.

  • 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.

Related to Total Premiums Payable

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

  • 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.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.