Guaranteed Surrender Value means the minimum surrender value computed in accordance with Clause 1 of Part D, which is guaranteed by Us;
Guaranteed Surrender Value means the minimum surrender value computed in accordance with Section 8.4, which is guaranteed by Us;
Guaranteed Surrender Value means an amount which is calculated in the following manner: Guaranteed Surrender Value = Guaranteed Surrender Value Factor X Total Instalment Premiums received under this Policy (excluding taxes, rider premium and extra premiums, if any)Where the Guaranteed Surrender Value Factor is determined as follows: Policy Year of Surrender
Examples of Guaranteed Surrender Value in a sentence
Premium paid for riders will not be considered while determining the Guaranteed Surrender Value.
On surrender of the policy, the Corporation shall pay the Surrender Value equal to higher of Guaranteed Surrender Value and Special Surrender Value.
This Special Surrender Value will always be greater than or equal to the Guaranteed Surrender Value.
The surrender value is higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).
Any indebtedness will be deducted from the Guaranteed Surrender Value.
More Definitions of Guaranteed Surrender Value
Guaranteed Surrender Value means the guaranteed surrender value which is payable in accordance with Section 8(a).
Guaranteed Surrender Value means an amount which is calculated in the following manner: Guaranteed Surrender Value = Guaranteed Surrender Value Factor x total Instalment Premiums received under this Policy (excluding taxes and extra premiums, if any) The Guaranteed Surrender Value Factor is determined as follows: Policy Year ofSurrenderPolicy Term equal to 11yearsPolicy Term equal to 15 years330%
Guaranteed Surrender Value means the guaranteed surrender value computed in accordance with Clause 1 of Part D;
Guaranteed Surrender Value means the Surrender Value as computed in Part D of the Policy, which is guaranteed by Us.
Guaranteed Surrender Value means the Surrender Value computed in Section 4 of Part D, which is guaranteed by Us.
Guaranteed Surrender Value means an amount which is calculated in the following manner: Option AGuaranteed Surrender Value = Guaranteed Surrender Value Factor x total Instalment Premiums received under this Policy (excluding taxes, Rider premium and extra premiums, if any) less sum total of Survival Benefits already paid. Where Guaranteed Surrender Value Factors are as follows. Guaranteed Surrender Value FactorPremiumTerm 5 7 10 12Policy Term15172022Policy Year of Surrender Guaranteed Surrender Value FactorOption B PART D PremiumTerm 5 7 10 12Policy Term10121517Policy Year of Surrender
Guaranteed Surrender Value means an amount computed in accordance with Clause 1 of Part D, which is guaranteed by Us;