Partial Withdrawal Charge definition

Partial Withdrawal Charge. ’ means a charge levied by Us on Partial Withdrawal after first 4 Partial Withdrawal in any Policy year by cancelling an appropriate number of Units in the Unit Account at the prevailing NAV and is specified in Part E

Partial Withdrawal Charge means a flat charge levied at the time of partial withdrawal of the fund during the policy period by canceling units for an equivalent amount.

Partial Withdrawal Charge means a flat charge levied at the time of Partial Withdrawal of the fund during the policy period by cancelling units for the charge amount.

Examples of Partial Withdrawal Charge in a sentence

• The Partial Withdrawal Charge will be determined by us at our sole discretion from time to time, subject to the maximum as stated in the Schedule of Charges.

• Partial Withdrawal Charge shall be deducted from the Fund Value by cancellation of Units at the time of partial withdrawals.

• The Company shall pay the Partial Withdrawal Benefit amount, after deducting the Partial Withdrawal Charge, by cancellation of Units of equivalent amount.

• Partial Withdrawal Charge: A charge which is deducted from the Fund Value by cancellation of Units at the time of partial withdrawal will be levied as per below table.

• The Partial Withdrawal Charge is equal to 5 percent of the excess withdrawal up to the amount of the surrender charge(s) on the date of withdrawal.

• Each new Layer will be subjected to its own Partial Withdrawal Charge calculated with reference to the effective date of that Layer.

• Any excess withdrawal will be subject to the Partial Withdrawal Charge.

• The Partial Withdrawal Charge deducted will decrease existing surrender charges in the following order: o first, the surrender charge for the most recent increase in Face Amount; o second, the surrender charges for the next most recent increase successively; o last, the surrender charge for the initial face amount.

• Partial Withdrawals may be subject to a Partial Withdrawal Charge (see the Schedule).

• Charges - means or refers to Premium Allocation Charge, Policy Administration Charge,Fund Management Charge, Mortality Charge, Premium Redirection Charge, Statutory Charge, Switching Charge, Partial Withdrawal Charge, Discontinuance Charge, taxes and levies as applicable.

More Definitions of Partial Withdrawal Charge

Partial Withdrawal Charge. There is no charge for the first Partial Withdrawal during any one Policy Year. For Partial Withdrawals in excess of one per Policy Year, the Partial Withdrawal Charge shall be [$25.00]. -------------------------------------------------------------------------------- 3b POLICY SCHEDULE CONTINUED Table of Guaranteed Maximum Cost of Insurance Rates for Life Insurance Policy This Table shows the Guaranteed Maximum Cost of Insurance Rates applicable to this policy. Monthly Rate Monthly Rate Monthly Rate Per Per Per $1,000 $1,000 $1,000 Net Amount Net Amount at Net Amount Age at Risk Age Risk Age at Risk 30 0.12 54 0.62 78 6.88 31 0.12 55 0.69 79 7.52 32 0.13 56 0.76 80 8.22 33 0.13 57 0.83 81 9.02 34 0.14 58 0.91 82 9.92 35 0.14 59 1.01 83 10.91 36 0.15 60 1.11 84 11.99 37 0.16 61 1.22 85 13.12 38 0.17 62 1.36 86 14.30 39 0.18 63 1.51 87 15.50 40 0.20 64 1.67 88 16.72 41 0.21 65 1.86 89 17.97 42 0.23 66 2.06 90 19.29 43 0.25 67 2.27 91 20.68 44 0.27 68 2.50 92 22.22 45 0.29 69 2.76 93 24.04 46 0.31 70 3.07 94 26.50 47 0.34 71 3.40 95 30.21 48 0.36 72 3.76 96 36.36 49 0.39 73 4.19 97 47.21 50 0.43 74 4.67 98 66.21 51 0.47 75 5.18 99 83.33 52 0.51 76 5.72 100 + 00.00 53 0.56 77 6.28