Common use of Partial Withdrawal Clause in Contracts

Partial Withdrawal. You may request for partial withdrawal(s) 90 calendar days after the Policy issue date, subject to the following:  The withdrawal amount must be at least S$500 (or its multiples) per withdrawal; and  After withdrawal, the average daily Account value for the Policy month must be at least S$5,000 for a waiver of the service fee. If the average daily Account value for the Policy month falls below S$5,000, a service fee of S$5 will be charged onto the Account value at the end of each Policy month. Partial withdrawal will reduce the Account value by the withdrawal amount. We reserve the right to delay the payment of the partial withdrawal amount for up to a period of six months from the date of your withdrawal application.

Appears in 2 contracts

Samples: www.tiq.com.sg, www.tiq.com.sg

AutoNDA by SimpleDocs

Partial Withdrawal. You may request for partial withdrawal(s) 90 calendar days after the Policy issue date, subject to the following:  The withdrawal amount must be at least S$500 (or its multiples) per withdrawal; and  After withdrawal, the average daily Account value for the Policy month must be at least S$5,000 for a waiver of the service fee. If the average daily Account value for the Policy month falls below S$5,000, a service fee of S$5 will be charged onto the Account value at the end of each Policy month. Partial withdrawal will reduce the Account value by the withdrawal amount. We reserve the right to delay the payment of the partial withdrawal amount for up to a period of six 6 months from the date of your withdrawal application.

Appears in 1 contract

Samples: www.tiq.com.sg

Partial Withdrawal. You may request for partial withdrawal(s) 90 calendar days any time after the Policy issue date, subject to the following:  The withdrawal amount must be at least S$500 (or its multiples) per withdrawal; and  After withdrawal, the average daily Account value for the Policy calendar month must be at least S$5,000 for a waiver of the service feeS$50. If the average daily Account value for the Policy calendar month falls below S$5,000S$50 and the required Top-up to keep the policy in force are not paid by the expiry date of the grace period, a service fee of S$5 Your policy will be charged onto de-activated immediately and We will return the Account value at the end of each Policy monthvalue, less any amounts owing to Us. Partial withdrawal will reduce the Account value by the withdrawal amountamount and the transaction fee (if any). We reserve the right to delay the payment of the partial withdrawal amount for up to a period of six 6 months from the date of your the withdrawal applicationrequest. We will exercise this right when there is a surge in withdrawals within the Portfolio during a very short period of time.

Appears in 1 contract

Samples: policy-wording.s3-ap-southeast-1.amazonaws.com

AutoNDA by SimpleDocs

Partial Withdrawal. You may request for partial withdrawal(s) 90 calendar days after the Policy issue date, subject to the following: The withdrawal amount must be at least S$500 (or its multiples) per withdrawal; and After withdrawal, the average daily Account value for the Policy month must be at least S$5,000 for a waiver of the service fee. If the average daily Account value for the Policy month falls below S$5,000, a service fee of S$5 will be charged onto the Account value at the end of each Policy month. Partial withdrawal will reduce the Account value by the withdrawal amount. We reserve the right to delay the payment of the partial withdrawal amount for up to a period of six months from the date of your withdrawal application.

Appears in 1 contract

Samples: www.tiq.com.sg

Time is Money Join Law Insider Premium to draft better contracts faster.