Cost of Insurance means the amount deducted on a monthly basis to cover insurance benefits of this product as defined under the provisions of this policy. The Cost of Insurance rate is determined on the basis of risks pertaining to death and Total and Permanent Disability, which depend on the Life Insured’s age, gender, health condition and occupation. The Cost of Insurance is adjusted in accordance with the Life Insured’s attained age and the Sum Insured.
Cost of Insurance means the cost per Rs 1000 of insurance cover as laid out in the “Table of Cost of Insurance Charges” enclosed.
Cost of Insurance means the amount of premium expected to fund future policyholder benefits. It does not include amounts for future operating expenses and profits.
Examples of Cost of Insurance in a sentence
If Quoted Prices are inclusive of transit insurance, no weightage shall be given while evaluating the bids for Cost of Insurance, being in BHEL Scope.
Cost of Insurance Cover, if any, taken by the Contractor shall not be reimbursed by the Trustees, unless otherwise stipulated in the Contract.
Cost of Insurance: Insurance under the Coverage(s) listed below is Non-Contributory Insurance.
Failure on the part of seller to inform dispatch particulars will make him liable to pay for any transit damages / losses suffered by the Purchaser.b) If Quoted Prices are inclusive of transit insurance, no weightage shall be given while evaluating the bids for Cost of Insurance, being in BHEL Scope.
Add : Cost of Transportation Add : Cost of Insurance Add : Other Charges (pls.
More Definitions of Cost of Insurance
Cost of Insurance means the annual cost to the Sublessor to take out and maintain the insurance required to be taken out and maintained by the Sublessor under the terms of the Headlease and such other insurance as the Sublessor shall deem necessary from time to time;
Cost of Insurance means the annual term insurance cost of ----------------- maintaining the death benefit coverage of each Insurance Policy in force, as determined by the Insurer.
Cost of Insurance. RATE The Cost of Insurance Rate is based on the Attained Age, sex and rating classification of both Insureds. Pages 18 and page 19 of this Certificate, which contain the Guaranteed Monthly Maximum Cost of Insurance Rates, are hereby deleted and replaced with the following: The Guaranteed Monthly Maximum Cost of Insurance Rates are based on the exact age and rating classification of each Insured using the Xxxxxxx Method and the 1980 Commissioners Standard Ordinary Mortality Table, age last birthday, on a smoker/non-smoker basis. A Table of the Guaranteed Monthly Maximum Cost of Insurance Rates applicable to the Insureds named in Your application has been printed on the Certificate Information page. ACCELERATED DEATH BENEFIT After the death of the first Insured, the Death Benefit may be accelerated, subject to the conditions of the Accelerated Death Benefit provision. PAYMENT OF PROCEEDS The Proceeds of this Certificate will be subject first to the interest of an assignee, to whom payment will be made in one sum. We will pay any remaining Proceeds to You before the surviving Insured's death, and to the Beneficiary after the surviving Insured's death. Payment to the Beneficiary will be made only if We receive proof, satisfactory to Us, of the death of both Insureds. Unless otherwise provided, payment will be made in equal shares to those Beneficiaries entitled to receive the Proceeds.
Cost of Insurance means the portion of the total periodic premium charged by a life
Cost of Insurance. “Monthly Expense Charge,” “Premium Expense Charge,” and “Monthly Deduction” have the same meaning or meanings ascribed by the Policy or Policies.
Cost of Insurance means the annual cost to take out and maintain the insurance required to be taken out and maintained under the terms of the Headlease and/or the Sublease and such other insurance as the Sublessor prior to the Completion Date or the Homeowners Corporation on or after the Completion Date shall deem necessary, or be obligated to obtain, from time to time;