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

  • 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.

  • A*(Total Premiums Paid excluding Underwriting Extra Premium, (if any) + B*(Accrued Simple Reversionary Bonuses) C Where A and B are as provided in the table below and C is defined as total Monthly Incomes already paid, if any.

  • 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.

  • 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.

  • Hence, in the event that 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 nominee or Claimant will receive the Sum Assured under the base Policy 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.

  • 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.

  • 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.

Related to Underwriting Extra Premium

  • Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Underwritten Net Cash Flow means, as of any date of determination, the excess of: (i) for the twelve (12) month period ending on such date, the sum of (A) the lesser of (1) GPR multiplied by 94.0%, and (2) Actual Rent Collections, and (B) Other Receipts; over (ii) for the twelve (12) month period ending on such date, the sum of (A) Operating Expenses, adjusted to reflect exclusion of amounts representing non-recurring expenses, (B) Underwritten Capital Expenditures and (C)

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Underwriting Agreement means the underwriting agreement, dated as of _________, 2024, among the Company and Xxxxx-Xxxxxx Capital Group LLC as representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

  • Delay Delivery Mortgage Loans The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date.

  • Initial Purchase Price has the meaning set forth in Section 2.1.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Property tax increment means the amount obtained by:

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • 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.

  • Total Purchase Price means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.

  • Closing Transaction Expenses means the Transaction Expenses as set forth on the Closing Statement.

  • Developed exclusively at private expense means development was accomplished entirely with costs charged to indirect cost pools, costs not allocated to a government contract, or any combination thereof.

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

  • Single-family dwelling unit means a structure that is usually occupied by just one household or family and for the purposes of this Policy is expected to generate an average of 250 gallons per day of wastewater.

  • Post-Closing Tax Period means any Tax period (or portion thereof) beginning after the Closing Date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

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

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).