Examples of Purchase Price Premium in a sentence
With respect to any Mortgage Loan that prepays in full during the three (3) month period from and after the related Closing Date, the Seller shall reimburse the Purchaser the amount (if any) of the Purchase Price Premium paid by the Purchaser to the Seller, multiplied by the UPB of such Mortgage Loan on the applicable Closing Date, within thirty (30) days of such payoff.
SERIES COVENANTSSection 4.1 Payment of Principal, Purchase Price, Premium and Interest.
Under the above stated scenario, if Policyholder contributes a Purchase Price (Premium) of Rs. 200,000/- then monthly Annuity installment would be Rs. 1,002.67 per month (i.e. 12,302 annually divided by 12) paid to Policyholder for whole of life.The tables for Annuity Rates for all the available Annuity Options given in Annexure B, should be read in a similar manner for different ages (last birthday) and the Annuity Payment frequency chosen.
Section 4.1 Payment of Principal, Purchase Price, Premium and Interest.
Under the above stated scenario, if You contribute a Purchase Price (Premium) of INR 200,000/- then Your monthly Annuity installment would be INR 1,002.67 per month (i.e. 12,302 annually divided by 12) paid to you for life.
Under the above stated scenario, if Policyholder contributes a Purchase Price (Premium) of Rs. 200,000/- then monthly Annuity installment would be Rs. 1,002.67 per month (i.e. 12,302 annually divided by 12) paid to Policyholder for whole of life.
The minimum Purchase Price (Premium) is ` 1,00,000 or a higher amount, so as to earn a minimum annuity installment of ` 1000.
Provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of Purchase Price (Premium) within the meaning of this sub section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer.
Annuity Rate Tables: Below mentioned Annuity Rates are per Rs.1000/- of Purchase Price (Premium) paid by the Policyholder to the Company and Annuity benefits payable to the Policyholder by the Company will be calculated on the basis of the below given rate table.
The Insurance Ombudsman may receive and consider any complaints under Rule 12 & 13 of the Redressal of Public Grievance Rules, 1998; which relates to any partial or total repudiation of claims by RLIC, any dispute in regard to Purchase Price (Premium) paid or payable in terms of the policy, any dispute on the legal construction of the policies in so far as such disputes relates to claims; delay in settlement of claims and non-issue of any insurance document to customers after receipt of premium.