Underwriting Extra Premium definition

Underwriting Extra Premium means an additional amount mentioned in the Schedule and charged by Us, as per Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured;
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Underwriting Extra Premium means an additional amount charged by Us, as per Our board approved underwriting policy, which is determined on the basis of disclosures made by You in the Proposal Form or on the basis of any other information received by Us including through medical examinations of the Life Insured in relation to this Policy and as mentioned in the Schedule;
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Examples of Underwriting Extra Premium in a sentence

  • Guaranteed Surrender Value is defined as:A*(Total Premiums Paid excluding Underwriting Extra Premium, (if any)) + B*(Accrued Simple Reversionary Bonuses, If any) Where A and B are as provided in the table below.

  • The study further examined the effects of novel ecosystems on bird diversity and led to an article in Die Burger.

  • For Premium Back Benefit Option, the sum of additional Annualised Premium and Underwriting Extra Premium, if any, charged due to Life Stage Event will also be returned back on the Life Insured surviving throughout the Policy Term in addition to base Premium.

  • Under the Premium Back Benefit Option, if the Life Insured has survived until the Maturity Date, 100% of the Sum of Total Premiums Paid and Underwriting Extra Premium, if any (corresponding to base Sum Assured and Life Stage Event Sum Assured) will be paid at end of Policy Term.

  • Early Exit Value payable is equal to: A x Total Premiums Paid (excluding Underwriting Extra Premium, if any) x [Unexpired Term/Coverage Term] x [{Sum Assured (as per the defined schedule specified in the COI), at time t} / Initial Sum Assured]; Where, t = time of termination of the Insurance Coverage; Factor “A” varies by number of complete years for which Premiums have been paid and is detailed in Annexure 7.

  • Death benefit being the higher of (i) Sum Assured on Death or (ii) 105% of (Total Premiums Paid plus Underwriting Extra Premium plus loadings for modal premiums) as on the date of death of Life Insured; plusii.

  • In such case, provided that at least one full year's Premiums have been paid and the Policy has not revived, an amount equal to a percentage (as defined below) of total Premiums Paid, excluding Underwriting Extra Premium, if any shall be payable on death of Life Assured or on request for termination of the Policy by the Policyholder or on the expiry of the Revival period, whichever is earliest.

  • Under the Life Stage Event benefit option, the Life Stage Event Sum Assured shall also get reduced as per the below formula:Reduced Paid-Up Life Stage Event Sum Assured = ((Total Premium Paid for Life Stage Event Sum Assured till the date on which Policy comes under Reduced Paid-Up Mode) / (total Premiums payable for Life Stage Event Sum Assured (excluding Underwriting Extra Premium, loadings for modal premiums and Rider Premium, if any)) * Life Stage Event Sum Assured.

  • Hence, if the Life Insured commits suicide within 12 months, whether minor/major, whether sane or insane, from the date of increase in Sum Assured benefit due to Life Stage Benefit Option, the Claimant will receive the Sum Assured under the base Policy (subject to the Clause above) plus return of sum of additional Annualized Premium, loading for modal premium and Underwriting Extra Premium, that was received to increase the Sum Assured under Life Stage Event Benefit Option.

  • Regular Premium Payment Variant: No surrender benefit is applicable or payable.1.4 The Exit Value shall be determined basis the formula given below: 70% x (Sum of Total Premium Paid, Underwriting Extra Premium and loadings for modal premiums, if any) x (unexpired Rider Term/ Rider Term).2.

Related to Underwriting Extra Premium

  • Property tax increment means the amount obtained by:

  • Trailing Stop in CFD trading shall mean a stop-loss order set at a percentage level below the market price - for a long position. The trailing stop price is adjusted as the price fluctuates. A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the pair price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit.

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.