Proceeds of the discontinued policies definition

Proceeds of the discontinued policies means the fund value in the discontinued policy fund.

Proceeds of the discontinued policies means the fund value as on the date the policy has discontinued, after addition of the entire income earned and after deduction of the fund management charges, subject to a minimum guarantee of the interest, as prescribed by IRDA from time to time.

Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest computed at the interest rate stipulated in Regulation 13 under IRDAI (Unit Linked Insurance Products) Regulations, 2019.

Examples of Proceeds of the discontinued policies in a sentence

• Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest computed at the interest rate stipulated as above.

• Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest computed at the interest rate stipulated as above.The excess income earned in the discontinued fund over and above the minimum guaranteed interest rate shall also be apportioned to the discontinued policy fund in arriving at the proceeds of the discontinued policies and shall not be made available to the shareholders.

• No other charges will apply.» Proceeds of the discontinued policies means the fund value as on the date the Policy was discontinued, after addition of interest computed at the interest rate specified below.» The minimum guaranteed interest rate applicable to the Discontinued Fund shall be declared by the Authority from time to time.

• Proceeds of the discontinued policies means the fund value as on the date the Policy was discontinued, after addition of interest computed at the interest rate stipulated as above.

More Definitions of Proceeds of the discontinued policies

Proceeds of the discontinued policies meansThe fund value as on the date the policy has discontinued, after addition of the entire income earned and after deduction of the fund management charges as provided in these regulations, subject to a minimum guarantee of the interest, as applicable to savings bank accounts of State Bank of India.

Proceeds of the discontinued policies means the Fund Value as on the date the policy was discontinued after addition of interest.

Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest computed at the interest rate stipulated below under section “Discontinued Policy Fund” under Part D.

Proceeds of the discontinued policies means the Fund Value as on the date the Policy is discontinued after addition of interest computed at the minimum interest rate prescribed by the IRDA and after deduction of the applicable fund management charges.

Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest computed at the minimum guaranteed interest rate.

Proceeds of the discontinued policies means the fund value (including top up fund value, if any) as on the date the policy has discontinued, after addition of interest computed at the minimum interest rate of 3.50% p.a.

Proceeds of the discontinued policies means the Policy Fund Value as on the date the policy has discontinued, after addition of interest computed at the interest rate stipulated as below: