Premium Allocation Charge definition
Premium Allocation Charge means a charge as specified in Part E which is levied by Us and calculated as a percentage of the Premium and deducted from the Premium received by Us before the same is allocated to the Unit Account;
Premium Allocation Charge means a percentage of the Premium appropriated towards charges from the Premium received. The balance known as allocation rate constitutes that part of the Premium which is utilized to purchase (investment) units for the Policy. This charge is levied at the time of receipt of Premium.
Premium Allocation Charge. ’ means a charge, if any, as specified in Part E which is levied by Us and calculated as a percentage of Premium and deducted from the Premium received by Us before the same is allocated to Segregated Fund.
More Definitions of Premium Allocation Charge
Premium Allocation Charge. ’ means a charge as specified in Part E which is levied by Us and calculated as a percentage of Contribution and deducted from the Contribution received by Us before the same is allocated to Segregated Fund.
Premium Allocation Charge means the premium allocation charge specified in the Schedule, which net of any service tax & cess will be applied to the Regular Premium/Single Premium paid to arrive at the amount to be allocated into the Policy Account in respect of any Regular Premium/Single Premium paid by the Policyholder.
Premium Allocation Charge means a charge as specified in Part E which is levied by Us and calculated as a percentage of the Premium including Top Up Premium , if any, and deducted from the Premium including Top Up Premium, if any, received by Us before the same is allocated to the Unit Account;
Premium Allocation Charge means a charge, if any, as specified in Part E which is levied by Us and calculated as a percentage of the Annualized Premium and deducted from the Annualized Premium received by Us before the same is invested in the Segregated Funds.