Rider Premium definition

Rider Premium means the Premium paid towards the Riders and does not include any taxes and/or levies
Rider Premium means the premium amount payable in respect of a Rider applicable under the Policy and is the amount specified in the Schedule;
Rider Premium means an amount specified in the Schedule, payable by You, by the due dates to secure the benefits under the Rider, excluding applicable taxes, cesses and levies, if any;

Examples of Rider Premium in a sentence

  • You may pay the Rider Premiums in annual, semi-annual, quarterly or monthly payment modes, as specified in the Schedule provided that the Rider Premium payment mode under this Rider shall always be same as the premium payment mode of the Policy and can only be changed with the change of premium payment mode of the Policy.

  • The Rider Premium will change, if the premium payment mode under Policy is changed by You.

  • The Rider Premium Payment Term cannot be more than the Premium Payment Term of the base policy if opted at the inception of the base policy or the outstanding Premium Payment Term of the Base Policy, if taken subsequently.

  • In case the base Policy is converted to a Reduced Paid-up policy and the Rider has acquired Surrender Value and subsequent Rider Premium remains unpaid within the Grace Period, the Rider will be converted to ‘Reduced Paid-up’ Rider by default.

  • The Rider Premium has been paid for at least- • 2 (two) year’s, where Rider Premium Payment Term is less than 10 (ten) years; or • 3 (three) year’s, where Rider Premium Payment Term is equal to or greater than 10 (ten) years.


More Definitions of Rider Premium

Rider Premium means an amount specified in the Schedule, payable by You, by the due dates to secure the benefits under the Rider, excluding service tax or any other taxes, cesses or levies, if any;
Rider Premium means the amount payable to Us by You and/or the Member, as the case may be to secure the benefits payable under this Rider and excludes any amounts payable as service tax or any other taxes, cesses or levies;
Rider Premium means a premium payable under the provisions of a rider attached to this contract. The annual charge for any such rider is shown in the Contract Data.
Rider Premium means the amount payable to Us by You and/or the Member, as the case may be, on the due dates, and in the manner, specified in the Schedule and recorded in the Register of Members by You to secure the benefits payable under this Rider. This amount excludes any amounts payable as service tax or any other taxes, cesses or levies;
Rider Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount (along with and as part of the Regular Premium) and at the Premium Payment Frequency. For more details, refer to Section 3 below.
Rider Premium means the amount payable to Us by You on the due dates and in the manner, as specified in the Schedule/ endorsement to secure the benefits payable under this Rider;
Rider Premium means a single premium amount specified in the Schedule, payable by You to Us in a single instalment to secure the benefits under the Rider, excluding applicable taxes, cesses and levies, if any;