Modal Factor definition
Modal Factor means the applicable factor specified in the Schedule, which is used by Us for determining the Premium. The Modal Factors for this Policy are as follows: i) for annual Premium payment mode – (1.00); ii) for semi-annual Premium payment mode - (0.513); iii) for quarterly Premium payment mode - (0.261); iv) for monthly Premium payment mode - (0.088);
Modal Factor means the applicable factor specified in the Schedule, which is used by Us for determining the Premium. The Modal Factors for this Policy are as follows: i) for annual Premium payment mode – (1);
Modal Factor means the applicable factor specified in the Schedule, which is used to determine the Premium, and will be as follows: i) for annual Premium payment mode – (1.00); ii) for semi-annual Premium payment mode - (0.52); iii) for quarterly Premium payment mode - (0.265); iv) for monthly Premium payment mode - (0.09);
More Definitions of Modal Factor
Modal Factor means the applicable factor used by Us for determining the Premium payable by You under this Policy, if You have opted to pay the Premium in any mode other than annual Premium payment mode. The Modal Factor for semi-annual Premium payment mode is 0.52, for quarterly Premium payment mode is 0.265 and for monthly Premium payment mode is 0.09;
Modal Factor means the applicable factor in case You have opted to pay the Premium in any mode other than annual mode which are as follows, i) for Semi Annual – 0.52, ii) Quarterly – 0.265; and iii) Monthly - 0.09;
Modal Factor means the applicable factor as specified in the Base Policy, which is used to determine the Premium, as per the frequency of premium opted by You;
Modal Factor means the applicable factor specified in the Schedule, which is used to determine the Premium payable as per frequency chosen by You, and will be as follows: i) for Annual mode - (1.00); ii) for semi-annual mode - (0.520); iii) for quarterly mode - (0.265); or iv) for monthly mode - (0.090);
Modal Factor means the applicable factor specified in the Schedule, which is used by Us for determining the
Modal Factor means the applicable factor in case You have opted to pay the Premium in any mode other than annual mode which are as follows, i) for Semi Annual - 0.520, ii) Quarterly - 0.265; and iii) Monthly - 0.090;
Modal Factor means the applicable factor specified in the Schedule, which is used to determine the Premium, and will be as follows: