Examples of Policy Commencement Date in a sentence
The Investment Management Fee is payable monthly in advance on the same day of each calendar month as the Policy Commencement Date.
Monthly Policy Maintenance Fee = 0.5% / 12 x Annual Regular Premium committed at Policy Commencement Date x number of year(s) for which the Policy has been in force* *Any incomplete year will be rounded up to a full year.Administration FeePayable as long as the Policy is in force.
Regular Premium paid during the Initial Premium Payment Term (first 18 months from Policy Commencement Date) will be allocated to the Initial Units Accounts.
Policyholder may apply to reduce the amount of Regular Premium at any time after the Initial Premium Payment Term by sending to Us an application in the form specified by Us. Any reduction is subject to a maximum of 50% of the Regular Premium committed at Policy Commencement Date, floored at a minimum of SGD 500 (USD 600) per month or SGD 6,000 (USD 7,200) per year.
After partial withdrawal during the Premium Payment Term, if the remainder of the Accumulation Units Account is less than the total of eighteen (18) months of the Regular Premium amount committed at Policy Commencement Date, the entitlement to the Policy Maintenance Fee Refund will be terminated.