Examples of Modal premium in a sentence
Yearly – 100%, Half yearly – 51%,Quarterly – 26%, Monthly – 8.8% IllustrationGiven below is an illustration of the benefits payable, over the policy term for different combinations for a healthy individual: Note: Assuming survival for 30 years# Modal premium i.e. Annual Premium X Premium Modal Factor (₹ 20,000 X 51%) Please note: The above illustration is an extract of a separate, more detailed benefit illustration.
The monthly premium is $200 (= 2,400/12) Paid in advance reserve of $200POLICY #002, Modal premium is $2,000 Because the policy isn’t inforce at 12/31/2020, the full amount as a premium paid in advance reserve.POLICY #003 Modal premium is $2,000 (=$4,000 / 2).The Oct 2020 – Mar 2021 modal premium has been paid and was already owed½ of it ($1000) is for a period after the valuation date so is held as a Gross UPR.
The evaluation metrics for the validation folds are calculated with regard to the ”vNCTR” task for both multi- and singletask models.
The Apr 2021 – Sep 2021 modal premium of $2,000 has been paid in advance and is held as a Premium Paid in Advance reservePOLICY #004, Modal premium is $2400.This premium was NOT paid on time and thus the full amount is listed as a due and unpaid premium ($2,400).10 months of the premium owed is for a period after the valuation date and thus 10/12 of the premium ($2000) is unearned.
The depolarization dynamics then becomes:dV I(t)=dt Cwhere the synaptic current I(t), the sum of excitatory and inhibitory synaptic contributions, drives the random walk of the depolarization.
Modal premium: It is the amount which has to be paid, if the Policyholder has chosen to pay premium using Semi-annual, Quarterly, or Monthly mode.
The Modal premium is exclusive of Service Tax and other taxes which will be levied on the Modal Premium as per the prevailing laws.
No insurance shall take effect until all outstanding application requirements have been received, a policy is issued and the first Modal premium is received by Mutual of Omaha during your lifetime.