Extra Premium definition
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;
Extra Premium means the amount of additional premium collected as part of the Regular Premium/Single Premium, which is decided based on the prevailing Board approved underwriting norms of the Company, and was communicated to the Policyholder in the counter-offer made to him and to which he consented.
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;
Examples of Extra Premium in a sentence
No first-year commissions are payable on Preliminary Term Insurance premiums or on Flat Extra Premium assessed for nine (9) years or less.
SUBSTANDARD PREMIUMS Premiums will be increased by any Flat Extra Premium as shown in Schedule IV, charged the insured on the face amount initially reinsured.
Flat Extra Premium - A method for rating substandard risks used when the extra risk is considered to be constant.
Any interest adjustment amount will be immediately payable or, at the Lender’s option, added to the Loan and bear interest at the Interest Rate.
The Multiple Extra Premium is developed by adding all Table Extra premiums to the standard basic premium.
More Definitions of Extra Premium
Extra Premium means additional premium charged with the Policyholder’s consent for acceptance of proposal for insurance on the basis of underwriting done by the Company based on its prevailing Board approved underwriting norms.
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 examination of the Life Insured in relation to this Policy;
Extra Premium means an additional amount mentioned in the Schedule and charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You including medical examination, if any, of the Member;
Extra Premium means a charge for any risk not provided for in the minimum contract premium;
Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy (if any), which is determined on the basis of disclosures made by You in the Proposal Form or any other
Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy (if any), 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 Annuitant;
Extra Premium means the amount of additional premium collected as part of the Regular Premium, which is decided based on the prevailing Board approved underwriting norms of the Company, and was communicated to the Policyholder in